Pakistan, April 3 -- President Donald Trump has introduced a 10% tariff on the majority of goods imported into the U.S. escalating the global trade war. The move, aimed at addressing trade imbalances, has caused turmoil in global markets. Stock prices dropped in Asia and Europe, as investors sought safer options like bonds and gold. Trump's decision also triggered criticism from several world leaders, marking the end of decades of trade liberalization.

The new tariffs hit China hard, with a 34% tax on imports, while Japan and the European Union face 24% and 20% duties, respectively. These tariffs are set to come into effect soon, and countries are considering retaliatory measures. U.S. Treasury Secretary Scott Bassett urged other nations...