Editorial: El País

• Donald Trump, President of the US, has declared a trade war with a minimum universal tariff of 10%.
• These measures have triggered worldwide reproach and have upset global economies.
• Analysts predict more than a 50% likelihood of a recession in the US.
• The most affected countries will be those that rely on industrial exports, such as China and Germany.
• Retaliatory tariffs are the next chapter, with China being the first to react with a reciprocal tariff of 34%.

Conclusion: Trump's measures have pushed the international economy into turbulent waters, creating an environment of uncertainty and fiscal risk.

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