Overview

• The U.S. Department of Commerce has initiated formal investigations into imposing tariffs on semiconductors, pharmaceuticals, and tomatoes, citing national security concerns.
• President Trump reaffirmed his hardline trade stance, stating that no country, particularly China, benefits from the current trade measures.
• China has countered U.S. tariffs by significantly raising its own tariff rates, intensifying the ongoing trade conflict between the two nations.
• Domestic approval of Trump’s economic management is declining, with polls indicating rising dissatisfaction over inflation and his tariff policies.
• Global economic uncertainty grows as analysts warn of potential recession risks fueled by escalating trade tensions and market volatility.