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EU nations are seeking reciprocal actions, offering to buy more American exports like LG products while proposing lower tariffs in exchange for increased European exports. Meanwhile, Vietnam and Japan are negotiating separately with the US, emphasizing that countries are not aligning blindly with White House trade demands but prioritizing their economic interests.
The Global Economic Impact and Rising Risks
Economists warn that the current trade policies are unsustainable and threaten to slow global growth significantly. The International Monetary Fund (IMF) warns that continued escalation in the trade war could dampen economic momentum worldwide.