On April 7, 2025, Trump’s tariffs rocked the world—10% on the U.K. and Afghanistan, 20% on the E.U., and up to 54% on China—crashing markets from Sydney (down 6%) to Frankfurt (10%). Experts fear globalization’s end as allies fume, China hits back with 34%, and the E.U. plots retaliation. Prices will rise, the dollar may weaken, and consumers everywhere will feel the pinch. Trump touts it as a fix for trade woes, but critics warn of a 1930s-style disaster. Is this the new world order? Read on to see what’s at stake.