Tue Jul 29 02:08:17 UTC 2025: **Summary:**
This article discusses the impact of President Trump’s protectionist trade policies and tariff announcements. Experts agree that tariffs are here to stay and that Trump’s unpredictable actions have created chaos for businesses, forcing them to pause investments and hiring. The World Bank has slashed growth forecasts for numerous economies, and economists predict a recession in capital spending in G7 countries. While some countries like Canada are seeking to diversify their trade relationships and offer relief to domestic businesses, others are watching the impact of Trump’s tariffs on the US economy. Analysts suggest that Trump’s policies may lead to a global economic realignment with more countries supporting their own industries and becoming less reliant on the US and China. There are concerns that Trump’s actions could lead to a global recession.
**News Article:**
**Trump’s Tariffs Spur Global Shift Away From US Reliance, Experts Say**
WASHINGTON – President Donald Trump’s barrage of tariff announcements is pushing countries to reduce their dependence on the United States, trade analysts warn. While the details of these tariffs remain unclear, experts agree that some level of duties is here to stay.
In recent weeks, Trump has unveiled or threatened tariffs against major trading partners like the EU, Japan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Canada, China, and India. These moves have injected uncertainty into the global economy, forcing businesses to halt investments and hiring.
The World Bank has lowered growth forecasts for nearly 70% of economies, citing the trade disruptions. Oxford Economics predicts a near-term recession in capital spending among G7 nations.
Critics like Robert Rogowsky, Professor of International Trade at the Middlebury Institute of International Studies, compare Trump’s approach to his business dealings. Rogowsky suggested that Trump’s trade policies lack strategy and are more instinctive.
Despite the trade deals, the terms and details of the deals remain vague. Countries are now looking to diversify their trade relationships. Canada, for example, is tackling internal trade barriers and expanding exports beyond the US.
Experts highlight that the world is closely observing the impact of Trump’s tariffs on the US economy, suggesting that the US’ economic performance will influence other countries’ trade policies.
Analysts also suggest that Trump’s policies could lead to a global economic realignment, with more countries supporting their own industries and becoming less reliant on the US and China. Concerns are growing that Trump’s actions could trigger a global recession.
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