What will happen to the world economy as Trump's global trade war escalates? | DW News

US President Donald Trump's tariffs on dozens of countries, including allies, came in force on Wednesday. Hardest hit is China, which faces 104% in levies.

Beijing has vowed "countermeasures" and announced later on Wednesday that it would raise tariffs on US imports to 84%.

Meanwhile, the European Union agreed to go ahead with its retaliatory tariffs against the US, in response to a previously-announced levy on steel and aluminum imports. However, Brussels has yet to respond to Trump's more recent announcement of a 20% on all imports from the EU.

00:00 EU unveils retaliatory tariffs
00:28 DW Brussels correspondent Jack Parrock on EU counter tariffs
03:35 China's tariff retaliation after Trump hikes levies again
06:08 DW's Melissa Chan explains more on China's reaction
07:15 Jens Korte on how markets are reacting to trade war

For more news go to: http://www.dw.com/en/

Follow DW on social media:
►Instagram: https://www.instagram.com/dwnews
►TikTok: https://www.tiktok.com/@dwnews
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews

Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1