Trade Turmoil: Trump's Tariff War Tests Global Economic Ties

President Donald Trump announced a 10% baseline tariff on all U.S. imports, heightening trade tensions and potentially impacting the global economy. The move has elicited a range of reactions from companies, trade groups, and associations worldwide, concerned about the implications for business, investment, and the labor market.

In a bold move that shakes the foundations of international trade, U.S. President Donald Trump declared a 10% baseline tariff on all imports, escalating tensions and risking global economic disruption.

Companies from several countries, including Germany's Fresenius and Italy's Lavazza, are grappling with the potential impact of these duties, expressing concerns ranging from supply chain disruptions to price hikes.

Leaders from various trade and industry associations are urging diplomatic dialogues to prevent further economic strife, highlighting the critical need for constructive negotiations between global trade partners.

(With inputs from agencies.)