Donald Trump's tariff's offensive over World Trade has attracted a harsh response from China. Other rounds are expected, including the EU, but also the response of the American administration to them and so on. Beijing urges the nations of the world to fight in the commercial war that the US provoked. But before Trump's customs duties become a world -long commercial war, uncertainty increases. Capital markets have reacted to it as a true economic crisis, with decreases accentuated in Asia and decline in Europe. Companies of all kinds are punished, from the largest weapons producer in Germany to the largest bank in Hungary. The decreases of German industrial colos are highlighted. In Eastern Europe, the descent of Western European producers is expected for whom the Trump administration will make the US market inaccessible. Analysts speak of the possibility that inflation in the EU will be transformed into deflation, that the interest decrease will accelerate and that the economic environment may be seen as more stable than the USA. If Trump keeps his customs surharges. And if the EU does not put their own sticks in wheels, as they are considered to do their US now. On the Asian stock exchanges, the weekend received a nightmare name, the Black Monday. Panic and chaos have also settled on European capital markets. Oil prices, energy in general and industrial raw materials have decreased. The quotations of gold, an active-adapted, have grown. The yield of German bonds with maturity at ten years-and they were considered active-adapost-withdrew. The markets have reacted to the customs surcharge announced by US President Donald Trump last week and imposed on the whole world as if it is already an economic crisis. Larger or smaller seizures are announced. For the US, analysts see the increasing probability of recession and accelerating inflation due to customs duties. Washington's new commercial policy also shows how vulnerable the big American companies on foreign markets are. In Europe, the idea of gauging the revenues of the American technology giants and the surgery of the sector. Western European consumers react to Trump's rates with the boycotting of American products. Regarding Germany, considered by some strategies as the main European target of customs duties, analysts believe that the probability of entering the economy has increased in a new recession. But the European governments still have to show unity in establishing a response to the American tariff offensive. Of the powerful states of the world, only China and Canada responded until Monday with Trump's protectionism. Beijing has imposed 34% customs duties on all imported products from the US. It is the same share with the mutual rates announced by the American administration for imports from China. In addition, the Chinese government announced the tightening of controls on rare land exports, showing how it can use its global monopoly on providing these raw materials as a weapon in commercial wars. At the same time, he urged other nations to fight against US tariffs. On the other hand, India, one of the great emerging economies of the world, has announced that it will not respond. So did other savings. Israel hopes for preferential treatment from Washington. Taiwan, threatened by China, is willing to large concessions. Washingotn says dozens of governments are in line to negotiate with the US. And here is the problem, that nothing is sure. In commerce, Trump did not block imports of America from other states, but only made them theoretically, more expensive on a super-competitive market. And thus disturb the commercial order hardly established in other parts. In the US, it has created risks of recession and accelerating the inflation it minimizes. There is another story in Europe. In the euro area, the dramatic growth of uncertainties can be worsening, said Isabel Schnabel, a high -ranking official of the ECB. The head of the Central Bank of Greece explained that Trump's customs duties can be a deflationary measure for the euro area. But such shocks reach the rest of the EU, including in Eastern Europe, with mixed effects. At least part of the European production that no longer finds buyers in the US will remain in Europe, being directed to new markets, such as Eastern European, cheaper. Western European producers will be obliged to sell cheaper, to the consumer's profit. But they will put pressure on local producers. According to the European Commission, the US represents the second largest market for agricultural and food exports of EU, after the UK and before Switzerland. The products sold in the US represents 13% of the total. Last year, their value was 25 billion euros. The US also have agriculture and agri -food industry and that is why products with greater value are directed by certain characteristics, such as olive oil, wines, cheese and alcoholic beverages. All of these are surplus at customs by 20%. Californian wines producers are just waiting to see how European products disappear from the shelves where French, Italian, Spanish and even Hungarian wines. In 2024 the US imported European wines of 5 billion euros, half coming from France. The problem is that in Europe there is an overproduction of wine, caused by climatic changes and changes in consumer behavior. If the recession comes to the US, and prices increase, expensive products will be more vulnerable. Some exporters are more exposed. Ireland, for example, sends over 40% of the exports of alcoholic beverages to the US. For olive oil, Spain and Italy are the most affected. Their products can be replaced with cheaper oil from Turkey and Morocco, for which mutual customs taxes are only 10%. Under the assault of American tariffs, western European farmers will be forced to look for new markets. Until they are reoriented, the most handy are the eastern, cheaper ones. With an unwanted wealth of European products, the European market could face moderate deflationary effects, in addition to decreasing production and exports, I believe strategies from the Kiel Institute for Global Economy. The ECB could react by accelerating the rate of decrease in interest, and cheaper credit, cheaper energy and more predictable economic environment, if compared to the US, will make the euro and EU a more attractive region for business and investments. As for Eastern Europe, there are analysts who continue to ensure that Western industrial producers will not give up producing here because it is cheaper. But not everyone is optimistic. Ing analysts believe that Europe lives «the worst economic nightmare».