President Trump enforces retaliatory tariffs on nations worldwide.

President Trump enacts retaliatory tariffs globally, impacting international trade. These tariffs, imposed on various countries, aim to counteract perceived unfair trade practices, such as subsidies or dumping. For example, tariffs might target steel and aluminum imports, sectors critical to U.S. industry. The tariffs could lead to increased costs for consumers and businesses, potentially sparking trade wars. In 2018, similar actions led to $360 billion of Chinese goods being taxed. The global economy could face challenges if nations respond with their own tariffs.