Following Donald Trump’s electoral victory, concerns rise over potential global trade wars as his tax plans on foreign imports threaten major economies. Shares of German car manufacturers dropped sharply, signaling apprehension about tariffs affecting prices globally. Economists warn that retaliation from the EU and other jurisdictions is likely, which could impact the world economy significantly. Additionally, the UK faces tough decisions on its post-Brexit trade positioning amidst these developments. The specter of increased protectionism raises alarms about a possible escalation in trade tensions across the globe.