Reported 9 days ago
President Trump has escalated tensions with China by raising tariffs on Chinese imports to 125%, amidst an ongoing trade war that has led to significant losses in global equity markets. While Trump believes the US has the leverage in negotiations, both economies face severe consequences from the escalating tariffs, including challenges for US manufacturers reliant on Chinese goods. Officials predict a standoff, as China remains committed to retaliatory measures, making a resolution increasingly difficult.
Source: YAHOO