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Will There Be a Global Trade War in 2025?

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Last Updated 4 days ago

CNN"Assuming the full range of tariffs are implemented and there are no last minute opt-outs — a possibility that can’t be ignored given Trump's past reversals — the world is set for a full-scale trade war."Apr 03, 2025

CNN

Josh Lipsky"US President Donald Trump has launched a global economic war without any allies."Apr 08, 2025

Atlantic Council

Glenn Ivey"We're facing a global trade war that could send us [the US] into a recession."May 18, 2025

X

Nick Sargen"The announcements this weekend suggest he [Trump] is prepared to go much further and is willing to risk a global trade war."Feb 03, 2025

Forbes

Centre for Economic Policy Research (CEPR)This series of tariffs "has the potential to ignite the largest trade war in history, with significant short- and medium-term economic impacts in both high- and low-income countries."Sep 02, 2025

Cepr

The New York Times"One man alone has risked the first global trade war since the 1930s by raising tariffs to levels unseen for more than a century."Apr 11, 2025

New York Times

International Institute for Strategic StudiesIt's likely that "a full-scale transatlantic trade war will occur in the coming months."Sep 02, 2025

Iiss

Kevin D. Freeman"We're seeing a globalist tug of war."May 18, 2025

X

Financial Times"The US has escalated a global trade war with sweeping new tariffs that will hit the EU and some of the poorest countries in the world the hardest."May 18, 2025

X

Kyle Sweetser"He [Trump] wants to go authoritarian and launch trade wars with everyone on earth."May 18, 2025

X

Bob Carr"Trump's tariffs confirm the US has opened a trade war against NATO allies and Japan, South Korea and Australia."May 18, 2025

X

Larry Summers"We are united in our belief that broad-based tariffs will impede economic growth, risk triggering a trade war, and inflicting long-term harm on the economy."Feb 03, 2025

Forbes

Carnegie Endowment for International Peace"They [Trump's reciprocal tariffs] have the potential to initiate a global trade war, with several countries seeking to retaliate."Sep 02, 2025