Trump’s New Tariffs Spark Global Trade Tensions

President Donald Trump announced new tariffs on Japan, China, Canada, and the European Union, marking a significant escalation in U.S. trade policies and raising concerns about global economic stability. Rather than isolating these nations, the tariffs may actually be strengthening alliances between them. While market uncertainty persists, economists anticipate that the Federal Reserve may consider a 2.5 basis point interest rate cut this year to mitigate potential recession fears. Cryptocurrencies are also facing pressure as macroeconomic instability and trade policies impact the global financial landscape.