Overview

• President Trump has announced plans to impose an additional 50% tariff on Chinese imports if Beijing does not reverse its recent 34% retaliatory tariffs by April 8.
• Global stock markets have experienced significant declines, with Hong Kong's Hang Seng Index suffering its worst drop since 1997 and U.S. markets continuing to fluctuate.
• China has vowed to resist what it describes as U.S. 'blackmail,' signaling its readiness to escalate the trade conflict further if necessary.
• Economic leaders, including JPMorgan CEO Jamie Dimon, warn of heightened inflation and increased recession risks as a result of the tariff policies.
• Negotiations with several countries, including Japan and the EU, are ongoing, but Trump has rejected initial offers, insisting on more favorable trade terms for the U.S.