Trump Causes Global Panic, New U.S. Tariffs Expected to Push the Global Economy to the Brink of Crisis!

The surprising move by U.S. President Donald Trump to introduce new tariffs on imports from around the world has not only sparked panic among international investors but also poses a high risk of dragging the global economy to the brink of a crisis. This drastic announcement, which Trump described as “America’s economic liberation day,” has been immediately condemned by various countries, especially China, Japan, and the European Union, who are now preparing to retaliate. Financial analysts have warned that Trump’s policy could become a “ticking time bomb” that leads to a global recession if not contained quickly.

According to a report by JPMorgan, this U.S. action is expected to increase the cost of living for its citizens by an additional RM2.6 trillion annually. Moreover, this tariff is anticipated to drive inflation up by two percent, worsening the already struggling U.S. economy. To make matters worse, global stock markets have also plunged, with Japan’s Nikkei index falling more than four percent, while Wall Street experienced a sharp decline following Trump’s announcement. On the other side, China has strongly urged the United States to immediately cancel these tariffs, as they could disrupt global supply chains and lead to a more severe trade war.

Over 60 countries, including Malaysia, have been impacted by these high tariffs, further increasing global concerns about the possibility of an impending economic crisis in the near future.

Source : KOSMO