Trump's Tariff Policies Spark Global Trade War: Gold Prices Set to Soar.

Washington: Over the past few years, gold prices have been steadily rising. Amid this trend, newly inaugurated U.S. President Donald Trump has imposed tariffs on goods from Canada, Mexico, and China. Experts warn that this move could trigger a chain reaction on a global scale, potentially disrupting international trade and driving gold prices to new highs.

Since taking office, Trump has been issuing a series of executive orders, causing ripples not just in the U.S. but across the world. His presidency was built on the slogan "America First," and even during his campaign, he made numerous promises related to this policy.

Trump's Tariff Shock:
Soon after assuming office, Trump announced that he would impose import tariffs on foreign goods. As per his statement, a 25% tariff will be imposed on imports from Canada and Mexico, while a 10% tariff will be applied to goods from China. This move aligns with his campaign promises, but it also has the potential to spark a global trade war.

A Repeat of History:
During his previous term (2017–2021), Trump had also imposed tariffs on Chinese imports. In retaliation, China levied tariffs on U.S. goods, leading to escalating tensions and an unnecessary trade war. Now, Trump has once again adopted a similar approach.

Global Tax Retaliation:
In response to Trump’s tariffs, Canada has announced a 25% tariff on U.S. imports. Other countries are also expected to follow suit, which could lead to a full-scale trade war, where each nation imposes counter-tariffs on U.S. products.

Gold Prices Set to Rise:

As trade relations between countries become strained and market tensions rise, investors often turn to gold as a safe-haven asset. Experts suggest that Trump’s aggressive trade policies have already contributed to the recent surge in gold prices. Given that he is expected to continue issuing such bold directives, analysts predict that gold prices will keep climbing in the future.