Overview

• China has retaliated with an 84% tariff on U.S. goods, escalating the trade conflict into a full-scale global trade war.
• Major stock markets experienced sharp declines, with U.S. indexes nearing bear market territory and global assets losing trillions in value.
• Key trading partners, including the EU, Japan, and South Korea, are implementing retaliatory tariffs or negotiating new trade deals to mitigate the impact.
• Economists warn of a potential global recession and asset price collapse, with some calling for emergency fiscal and monetary interventions.
• U.S. political and business leaders are divided over the strategy, with calls for congressional oversight and concerns about the long-term economic fallout.