US trade duties: the threat of a new global recession

The introduction of trade duties by the United States could be a new blow to the global economy and trigger the third recession in the last 17 years. There have been two significant crises in the history of the global economy since World War II: the financial meltdown of 2008-2009 and the Covid-19 pandemic.

Economists warn that the duties imposed by Trump are capable of provoking serious shocks, especially if the affected countries take retaliatory measures. According to forecasts, the announced tariffs may oblige importers in the United States to pay about $1 trillion annually, which seems unlikely. 

Nevertheless, the effects of the new tariffs could be devastating: a significant portion of goods would simply cease to arrive in the United States, which would weaken the global market, especially for export-oriented countries such as China and Germany.