Reported about 6 hours ago
The recent implementation of tariffs by the United States and China's subsequent retaliatory measures have sparked concerns about a potential trade war reminiscent of the Trump administration. As new tariffs take effect, American consumers may face higher prices, and US businesses could suffer from lost sales and job cuts. Economists warn that the situation could escalate further, with significant implications for both the US and Chinese economies, potentially leading to a contraction and increased job losses in response to escalating trade tensions.
Source: YAHOO