Overview

• President Trump has threatened an additional 50% tariff on Chinese imports if Beijing does not reverse its planned 34% tariff on U.S. goods by April 8.
• Global markets have experienced significant turmoil, with trillions of dollars in market value lost and major indices in Asia, Europe, and the U.S. plunging in recent days.
• Economic experts warn that the escalating trade conflict risks accelerating inflation, reducing consumer spending, and triggering a global recession.
• The European Union has proposed a reciprocal elimination of tariffs on industrial goods to avoid further economic fallout, but Trump has dismissed the offer as insufficient.
• China has vowed to defend its trade policies and interests 'until the end,' while also signaling a preference for dialogue with the U.S. to resolve the conflict.