Reported about 8 hours ago
Investors are alarmed by rising trade tensions between the US and China, particularly after China's retaliatory tariffs against President Trump's 10% tariffs on Chinese goods. Experts predict this may signal the onset of a long-term trade war, with potential inflationary impacts from ongoing protectionist measures. Doug Holtz-Eakin warns that this conflict could be a lasting engagement, reshaping economic relations between the two nations.
Source: YAHOO