Overview

• The US has enacted historic 104% tariffs on Chinese imports, alongside significant increases on goods from dozens of other nations, escalating global trade tensions.
• Global stock markets have plummeted, with major indices in Asia and Europe suffering sharp declines, while US bond yields have surged as investors flee to cash.
• China has vowed to implement 'resolute and forceful' measures to protect its economic and sovereign interests, rejecting US 'bullying' and refusing to back down.
• Governments worldwide, including in Japan, South Korea, and India, are deploying emergency economic measures, trade negotiations, and monetary policy adjustments to mitigate the fallout.
• Concerns over consumer confidence, rising inflation, and potential recession are mounting, with economists warning of long-term global economic instability.