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Trump’s Victory: A Potential Spark for Global Trade War

Following Donald Trump’s recent electoral victory, concerns are mounting over the potential for a global trade war. Major German automotive companies like BMW and Volkswagen have seen significant drops in their shares, as Trump’s pledge to impose tariffs of up to 20% on foreign goods could reshape international trade dynamics. The European Union is already considering retaliatory measures, while economists warn a full-blown trade conflict could hinder global economic growth. The UK faces uncertainties, torn between aligning with the US and maintaining ties with the EU, as Trump’s aggressive tariff strategy poses wide-reaching implications for international commerce.

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