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"Trump Unveils Sweeping 10% Tariffs on Global Imports, Triggering Global Backlash and Market Volatility"


Donald Trump has announced the imposition of universal 10% tariffs on all imports into the United States, marking a significant shift in global trade dynamics.


The European Union has described the move as a "major blow to the world economy," while Italy has labeled it as "wrong." Australia has also expressed its discontent, stating that the decision "is not the act of a friend."


China, identified by President Trump as one of the "worst offenders," has vowed to retaliate against the new tariffs.


Following the announcement, Asian markets opened lower but later showed signs of recovery. Similarly, U.S. futures trading also experienced a decline.


In related developments, President Trump stated that the United Kingdom will face a 10% tariff on its goods, while the European Union will be subject to a 20% tariff rate.

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