Trump has imposed a 25% tariff on Canada and Mexico, and 10% on China, trigger a trade war.
Trump's decisions have economic and financial dimensions, and may also have political repercussions.
These tariffs may prove harmful to the American consumer, as they may raise the prices of foreign products and inflation.
Affected Countries are responding with economic measures and political tactics.
Trump's decision to impose tariffs may compromise the leadership of the US in the global economy.
US allies may be pushed to seek new trading relationships, like with China.
The EU is willing to negotiate with the US, but not at the expense of their principles and interests.
Tensions between the EU and the US are not only economic, but also involve defense and transatlantic relations.
Conclusion: The trade war initiated by Trump could be harmful for everyone, including to US allies and to the US itself. This trade war could have a significant impact on the global economy and geopolitical balance.