Trump's New Tariffs Spark Global Market Fears | JQJO

Global markets reacted nervously as Donald Trump prepared to announce new reciprocal tariffs, potentially sparking a trade war. Some Republican senators oppose the move, fearing harm to the US economy. Trump claims the tariffs are necessary because the US has been "ripped off," promising a "Liberation Day." He hinted at "country-based tariffs," possibly affecting the 'Dirty 15' nations with large trade imbalances with the US. China, South Korea, and Japan have already formed a stronger trade alliance, while the EU and others are preparing countermeasures. Economists warn of increased recession risks, although the IMF suggests the overall impact might be limited. Uncertainty remains high as Trump's plans remain vague.