Trump’s New Tariffs Spark Global Economic Uncertainty – What It Means for the World in 2025
Trump’s New Tariffs Spark Global Economic Uncertainty – What It Means for the World in 2025 Published: August 1, 2025 By: Mindset Masteries 🌍 The World Wakes Up to a New Trade Reality On August 1st, 2025 , the global economy entered a new phase of uncertainty as U.S. President Donald Trump officially launched a wave of import tariffs affecting major trade partners, including Canada , India , the European Union , Mexico , and Norway . The changes came into effect just as the previous trade negotiation deadlines expired. Many hoped that deals would be reached in time to prevent this escalation. Unfortunately, diplomacy didn’t deliver, and now businesses, exporters, and governments across the world are reacting—some with outrage, others with cautious optimism. 🇺🇸 What's Actually Happening? 📌 A Quick Breakdown of Trump’s New Tariffs: 35% on Canadian imports 25% on Indian goods 15% on EU and Norwegian products 90-day extension for Mexico Tariff hikes on co...