Reported about 18 hours ago
In response to President Trump’s new tariffs, which enforce a baseline rate of 10% on imports and escalate rates for certain countries, China has announced a 34% tariff on US goods, effective April 10. This retaliatory move has fueled fears of an escalating trade war, resulting in significant declines in US stock markets. Analysts warn that these tariffs could lead to widespread economic consequences, including increased prices for consumers and potential slower growth.
Source: YAHOO