China Retaliates with Tariffs as U.S. Unemployment Rises

Reported 2 days ago

China has announced a 34% retaliatory tariff on all U.S. goods in response to new American tariffs, contributing to a decline in major stock averages. While U.S. nonfarm payrolls increased by 228,000 jobs, the unemployment rate has also risen to 4.2%. This news comes amid concerns about the impact of the trade war on global economic growth, driving oil and gold prices down.

Source: YAHOO

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