Donald Trump is set to impose significant tariffs on US imports, signaling a major shift away from globalization.

Axar.az, citing BBC, reports that a proposed universal 20% tariff could generate trillions in revenue but risks global economic retaliation.

The UK and EU may respond differently, with the EU targeting US tech firms while the UK considers tax incentives. Trade wars are costly, and global repercussions could reach $1.4 trillion. The US aims to counter China’s rise, but isolating allies may backfire.

Today’s decision will reshape global trade and economic policies.

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