Donald Trump escalates trade war with sweeping global tariffs
     
       (Alliance News) - US President Donald Trump intensified a global trade        war Wednesday as he slapped sweeping tariffs on imports from allies        and foes alike, sending markets into a tailspin and upending        decades-long free trade norms.
The EU and China vowed        retaliation against the levies, with Australia's leader saying the new        tariffs were "not the act of a friend" and would hurt the close        allies' relationship.