President Trump's recent tariffs on Canada, Mexico, and the European Union have sent shockwaves through global markets, causing uncertainty and concern among analysts. While some sectors, such as clothing retailers, may not be immediately impacted, experts warn that price increases could eventually lead to negative consequences.

The latest victim of Trump's tariffs is the iconic alcohol brand, Johnnie Walker owner Diageo, which reported a significant decline in sales due to the trade restrictions. This serves as a stark reminder of the far-reaching implications of the president's protectionist policies.

With the escalating trade tensions, Democrats are calling for a reassessment of the administration's approach to tariffs, urging Trump to consider the potential economic fallout. The European Union has also condemned the tariffs, warning of retaliatory measures that could further exacerbate the situation.

As the global economy braces for the impact of Trump's tariffs, it remains to be seen how this trade war will unfold and what consequences it will have on both domestic and international markets. Analysts are advising caution and highlighting the need for a strategic approach to trade policies in order to avoid a potential economic backfire.