Editorial: El País

• On April 2, 2025, Donald Trump's United States initiated a trade war by imposing a universal tariff of 10% on all products entering the US.
• The surcharge will be higher for countries with which Washington has a trade deficit, for example, 34% for China and 20% for the EU.
• This measure will increase the effective tariff rate of the US to a level not seen in almost a century.
• These sanctions will affect financial markets, companies, and consumers in both the US and the rest of the world.
• These actions may cause a fall in economic growth and an increase in inflation.
• Trump's main goal is to reduce the trade deficit and re-industrialize the US.
• The EU's response to these measures is critical, especially given its trade surplus with the US.
• Spain's Government, led by Pedro Sánchez, has announced an aid package of 14.100 billion euros for the most affected sectors.

Conclusion: Trump's tariff policy poses a serious threat to global prosperity and may alter the established geoeconomic order.

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