Overview

• President Donald Trump is expected to unveil new tariffs, including a 25% levy on auto imports, as part of his 'Liberation Day' initiative aimed at reshaping trade policies.
• The European Union has signaled its readiness to respond with reciprocal tariffs, potentially targeting U.S. tech companies and other goods.
• Economic experts warn the tariffs could disrupt global supply chains, increase consumer prices, and heighten inflation in the U.S.
• Germany's automotive sector, heavily reliant on U.S. exports, faces significant risks, with potential losses compounded by retaliatory EU tariffs.
• Christine Lagarde and the Ifo Institute caution that the tariffs threaten the global economic order, urging negotiations to avoid further escalation.