The global economy is on edge as President Trump’s 25% steel and aluminum tariffs spark a full-scale trade war. Canada, the EU, China, Australia, and India have retaliated with billions in countermeasures, threatening U.S. businesses and markets. The European Union is imposing $26 billion in penalties, while Canada has announced nearly $30 billion in counter-tariffs. With Trump initially considering a 50% duty on Canadian metals, world leaders warn of dire economic consequences. Will this aggressive trade stance backfire on the U.S. economy? Watch OneIndia’s full report for expert insights and global reactions.

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