In a stunning move that has rattled global markets, former U.S. President Donald Trump announced sweeping tariffs of up to 35% on imports from countries like India, Canada, and South Africa. The executive order, issued under the pretext of protecting American manufacturing, has already sparked diplomatic backlash and investor panic.
For India, the 25% tariff targets pharmaceuticals, textiles, and auto parts—industries with massive U.S. exports. Canadian officials are calling it an economic “sucker punch,” while South Africa has warned of retaliatory measures.
Markets responded instantly. Wall Street fell sharply, Asian markets followed suit, and oil prices spiked amid fears of a trade war escalation. Experts warn this could disrupt supply chains globally and hurt post-pandemic recovery.
Social media exploded with memes, outrage, and speculation—“Trade War 2.0” quickly became a trending hashtag. While Trump supporters hail it as “America First,” critics argue this may trigger inflation and worsen international relations.
TopNews11 will continue monitoring the fallout of this bold move.
