Global Markets Reel as Trump's Tariffs Escalate Trade War
The U.S. imposes a historic 104% tariff on Chinese imports, prompting retaliatory measures and economic turbulence worldwide.
- 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.
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