Trump's Tariffs: A Global Economic Shockwave

**Trump's Tariffs: Two Months of Global Economic Impact** June 4th, 2025 marked two months since the announcement of significant tariffs by Donald Trump's administration. The policy, a cornerstone of his second-term campaign, has already begun to show global economic consequences. CNBC Brasil, in an analysis by Marcelo Favalli, highlights the effects on international trade and relations. "Relatively short period of time for so many countries involved," Favalli noted, emphasizing the speed with which the tariffs have begun to affect the global economy. The analysis focuses on the impact on major economies, using charts to illustrate changes in industrial production and inflation. Mexico and Canada, for example, experienced significant drops in industrial production. In contrast, China showed less pronounced effects, while India and Argentina faced notable inflation challenges. Favalli points out that the effects are more significant for countries heavily reliant on exports to the US, such as Germany's automotive sector. The analysis concludes by highlighting the long-term consequences of these tariffs, and the need for a more nuanced approach to international trade. The report underscores the interconnectedness of the global economy and the ripple effects of protectionist policies.