US stocks tumble as Trump threatens steep tariffs on EU wine and alcohol, pushing the S&P 500 into correction territory.
![US stocks tumble as Trump threatens steep tariffs on EU wine and alcohol, pushing the S&P 500 into correction territory. [Image via AP]](http://southasiatimes.org/wp-content/uploads/2025/03/AP25070670542315-1741912977-320x179.webp)
![Trump plans 10% tariff on Chinese imports, citing fentanyl crisis; analysts warn of potential trade war risks. [Image via The Nation]](http://southasiatimes.org/wp-content/uploads/2025/01/trump-announces-plans-for-10-percent-tariff-on-china-starting-on-feb-1-1737607451-6960-320x179.webp)
Trade War Looms as Trump Introduces 10% Tariff on Chinese Goods
Trump plans 10% tariff on Chinese imports, citing fentanyl crisis; analysts warn of potential trade war risks.
![Trump's White House return sparks trade tensions with Trump tariffs and BRICS opposition, disrupting global economic dynamics. [Image via SAT Creatives]](http://southasiatimes.org/wp-content/uploads/2024/12/SAT-Web-Banners-4-320x179.webp)
Trump Tariffs and BRICS: A Looming Trade Standoff
The return of Trump fuels trade tensions with tariffs on BRICS nations, challenging global economics and de-dollarization efforts.
