Phnom Penh (FN), Mar. 24 – Today, economic policy uncertainty is surging to its highest point since 2020.

Trump's tariffs are reshaping global supply chains, causing volatility in the US stock market. In response, Canada, Europe, and other nations have imposed retaliatory tariffs.

Trump has targeted Canada, the EU, Mexico, and China, with recent threats of 200% tariffs on EU alcoholic beverages and additional tariffs on steel, aluminum, and other goods.

German carmakers are diversifying beyond the US market, while Canada plans to impose 25% tariffs on US steel, aluminum, and other exports, totaling $28.9 billion. If a 25% tariff is applied to Canada and Mexico, the price of SUVs could rise by $9,000.

This article was originally published on Voronoiapp.
=FRESH NEWS