Reported 1 day ago
US officials defend President Trump's newly imposed tariffs on imports, asserting that they will remain for an extended period, while the European Union and China respond with expected countermeasures. The 10% tariff affects a wide array of goods, and Treasury Secretary Bessent downplays recession fears, declaring that many countries are looking to initiate trade talks with the US. As uncertainties loom in global markets and businesses react by adjusting prices, the potential for a significant trade conflict grows.
Source: YAHOO