<h1>New Tariffs of 10-49% on Dozens of Nations Spark International Concerns and Market Volatility</h1> The US announced sweeping new tariffs ranging from 10% to 49% against dozens of nations, drawing international concern. The President claimed these measures would bring jobs back to America after decades of unfair trade practices. European Commission leadership called it a 'major blow to the world economy' while expressing willingness to negotiate. Various nations are considering measured responses rather than engaging in a full trade war. The EU may target US tech companies with digital service taxes. Financial markets reacted negatively, with analysts warning of potential global recession risks if tariffs remain long-term. The average US tariff rate has jumped from 2.5% to approximately 22%, reaching levels not seen since 1910.