President Trump's Tariffs Lead to Global Economic Strain and Job Losses
President Trump, shortly after beginning his second term, initiated a trade war by raising tariffs on numerous countries, leading to significant global economic impacts. The average U.S. import tax has reached its highest level since the 1930s, affecting both domestic prices and international economies. Switzerland experienced a sharp economic contraction, attributed to volatility in foreign trade due to new U.S. tariffs. Japan's economy also contracted, with significant drops in exports and private residential investment. In North America, Mexico's economy shrank, with economists citing Trump's erratic trade policies as a factor dampening business confidence and investment. Canada's manufacturing sector has been severely impacted, losing 36,500 jobs since the start of the year, marking its smallest workforce since September 2021. Brazil's coffee exports to the U.S. fell sharply due to a 50% tariff, making it nearly impossible to export to the U.S. market, leading to a significant decline in sales. 
