Reported about 11 hours ago
Starting Monday, China will implement tariffs up to 15% on various US agricultural goods, escalating trade tensions between the two largest economies. This move follows a recent increase in tariffs by the Trump administration on all Chinese exports and includes a complete halt on soybean imports from three US entities. The Chinese government aims to navigate the trade dispute without further escalation and has announced plans to increase its budget deficit to support domestic spending amidst economic challenges.
Source: YAHOO