Donald Trump plans to start a trade war that could halt or even drastically cut global economic growth.
This measure could destroy the trade order established by the United States after World War II.
The White House is expected to set a range of tariffs between 10% and 25% on anything it deems an unfair tax or a trade barrier to the U.S.
Uncertainty over the new taxes has contributed to market downturns in recent weeks.
Trump aims to rebalance the U.S. trade deficit, reindustrialize the country, and offset the massive tax cuts promised to citizens and businesses.
Protectionist measures can be harmful for Americans by causing inflation, decreasing the GDP, and triggering uncertainty that could deter investment.
The EU has identified five major sectors targeted by the tariffs: automobiles, pharmaceutical products, metals, wood, and semiconductors.
Conclusion: Trump's protectionist measures could have a negative impact on global economic growth and the existing trade order. The EU will need to strategize to mitigate potential harms.