Daily Summary

Trump’s steep new tariffs on imports have ignited a global trade war, with elevated rates leading to retaliations from China, economic uncertainty in key markets, and even ideological support from leaders like Argentina’s President Milei, while figures such as Elon Musk push for zero-tariff trade zones to ease tensions. These protectionist measures have heightened recession and inflation risks worldwide, particularly affecting trade-reliant economies and prompting warnings from international financial institutions and European officials. In related developments, significant staffing cuts in U.S. health agencies amid a measles outbreak and drastic funding cuts to U.S.-backed media have raised serious concerns about public health readiness and the safety and freedom of foreign journalists.