Overview

• President Trump has implemented a 104% tariff on all Chinese imports, marking a dramatic escalation in the US-China trade war.
• Global stock markets have experienced significant volatility, with the S&P 500 nearing bear market territory and $5.8 trillion in US market value lost since the tariffs were announced.
• China has vowed to 'fight to the end,' denouncing the tariffs as economic coercion, while the US administration remains firm on its strategy to pressure trading partners.
• Nearly 70 countries have reached out to negotiate trade deals, with the US prioritizing talks with allies like Japan and South Korea over China.
• Economists warn of higher consumer prices and recession risks as the tariffs disrupt global trade norms and increase uncertainty for businesses and investors.