RawDiary

Trump declares deficit emergency—Sweeping tariffs unleashed

In a dramatic Rose Garden address, President Trump declared a national emergency over the U.S. deficit, unleashing sweeping reciprocal tariffs on imports. The move has rattled global markets, sparked fierce debates among trade partners, and is set to reshape international commerce. Critics warn of economic fallout while allies brace for retaliatory measures. This bold pivot in economic policy is igniting a trade war that may alter the future of global trade and U.S. economic relations.

24 Hours President Trump declared a deficit emergency and launched sweeping reciprocal tariffs on imports, triggering a global trade war. European and Chinese leaders have vowed retaliation, sending Asian markets plunging and stock futures tumbling. Auto prices are set to surge while business groups sound the alarm. Political fissures deepen in Washington as dissent grows among GOP senators. Severe weather continues to batter the US Midwest, and humanitarian appeals surge from earthquake‐stricken Myanmar. Innovation in medical technology makes headlines even as global economic and diplomatic tensions escalate. Trade turmoil intensifies; markets and alliances hang in the balance. Trade war intensifies.

Number 54% - Highest imposed tariff rate on Chinese imports

Quote "We have an American president saying no more to the U.S. being the world’s piggy bank." — JD Vance