Global Trade Tensions Escalate: Trump’s Tariffs and Retaliatory Moves by China and South Africa

President Donald Trump has imposed 25% tariffs on steel and aluminum imports, reigniting trade conflicts with major partners like Canada, Mexico, and China. In retaliation, China implemented $14 billion worth of tariffs on U.S. goods, including crude oil and LNG, while also launching an antitrust probe into Google. Adding to global tensions, Trump froze U.S. aid to South Africa over its controversial land reform law, citing discrimination against White farmers. These moves signal heightened geopolitical friction with far-reaching economic implications.

Sources: NDTV, Al Jazeera, Moneycontrol, PBS NewsHour