Since taking office in January, Trump's sweeping tariff decisions, ranging from steel to smartphones have shaken markets, sparked global tensions, and triggered legal battles, with major duties hitting China, the EU, and even U.S. allies.
G7 finance leaders meeting in Canada pledged to tackle global imbalances and suggested tougher sanctions on Russia, while also taking aim at unfair economic practices widely attributed to China.
China announces additional tariffs of 10% to 15% on U.S. agricultural products, effective March 10, 2025, in response to increased U.S. tariffs. Analysts warn of potential global economic disruption.
The U.S. is cutting aid to Africa, but China’s economic challenges and focus on loans make replacing it uncertain.
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