April 4, 2025, Hong Kong, China: A cargo container ship sails outside Victoria Harbour by Tsing Yi cargo terminal. On Wednesday, President Donald Trump announced sweeping new tariffs on nearly all U.S. trading partners, including a 34% tax on imports from China and a 20% tariff on the European Union. These measures risk disrupting the global economic framework and potentially sparking broader trade conflicts. (Credit Image: © Keith Tsuji/ZUMA Press Wire)