Trump's Tariffs Spark Global Trade War Fears: Asia, EU, and Latin America Respond

President Trump's recent decision to impose tariffs has ignited concerns about a potential global trade war. The move, which includes a baseline tariff of 10% on most imports and higher rates for specific countries, has drawn criticism for its potential to disrupt international trade and hinder economic growth. Retaliatory measures are anticipated from various regions. China, facing a 34% tariff on top of existing levies, has vowed countermeasures. The European Union is preparing further actions in response to Trump's tariffs, including a 20% tariff on EU imports. Some Latin American countries will be affected by the baseline 10% tariff, while others face higher levies. While some analysts suggest that certain Colombian products might become more competitive due to the tariffs, the overall impact on exports is expected to be negative. President Petro has ruled out reciprocal duties on US imports in the short term, hoping to de-escalate the situation. The situation remains fluid, with potential for further escalation or negotiation.