Part 10/11:
The combination of aggressive U.S. tariff threats and the suspect cargo crash in Lithuania highlights a fragile geopolitical landscape. The risk that Russia, under the guise of hybrid warfare, might be actively challenging European stability is increasingly evident, as are doubts about the resilience of Western alliances in the face of these threats.
Meanwhile, the economic fallout from potential tariffs is unfolding globally. The Wall Street Journal notes that China, Mexico, and Canada are the U.S.’s top three trade partners, collectively accounting for about 40% of American imports. A sustained trade war could inflate prices for consumers and trigger significant economic disruptions at a time when inflation remains high.