Reported about 4 hours ago
In a swift reaction, China imposed tariffs on U.S. imports following the implementation of new U.S. tariffs on Chinese goods, reigniting the trade conflict between the two nations as President Trump aims to penalize China over drug trafficking issues. The tariffs set by Trump, effective from 12:01 a.m. ET, include a 10% charge on all Chinese imports, while analysts warn of potential economic impacts for both countries. The uncertain landscape leads to heightened market volatility and ongoing discussions around the potential for a trade deal.
Source: YAHOO