As the U.S. under former President Donald Trump pushes forward with aggressive trade policies, economists and industry experts are sounding the alarm: the escalation of tariffs and retaliatory measures could pave the way for a global financial crisis.
Key Concerns Raised by Analysts:
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Trade Disruptions: With new tariffs targeting major economies like China, the EU, Mexico, and Canada, global supply chains are under pressure, raising production costs and increasing uncertainty.
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Investor Instability: The unpredictability of trade relations is already affecting investor sentiment. Markets are reacting to fears of prolonged economic conflict and its potential impact on global GDP.
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Steel Sector in the Spotlight: As one of the most targeted industries in Trump’s tariff agenda, the steel sector is particularly vulnerable. Trade restrictions could not only cause global oversupply but also spark protectionist responses that distort markets further.
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Systemic Risk: A full-scale trade war involving key global players could push the world economy into recession-like conditions, with ripple effects across emerging markets and commodity-driven economies.
While Trump frames his strategy as a way to restore U.S. manufacturing strength, critics argue that the uncoordinated and confrontational nature of the approach could have unintended—and potentially devastating—consequences.
Vietnam Steel by Hoa Sen Group
