Global Trade Slowdown Emerges Amid Tariff Escalation

Despite US President Donald Trump's announcement to delay some tariff plans, the global trade landscape is showing early signs of a worrisome slowdown. Companies worldwide are pressing the pause button on orders as the trade war with China intensifies.

Impact of Rising Tariffs on Global Economy

Analysts highlight that the average US tariff rate is climbing to 24%, a significant jump from the start of Trump's second term. This escalation is expected to dampen economic growth and inflation over the next two to three years.

Companies React to Trade Uncertainties

Amazon has started canceling orders from China and other Asian regions, while Haas Automation, renowned as the largest machine tool builder in the western world, is scaling back production.