Trump's New Tariffs Deepen Global Trade Conflict as China Vows Retaliation

With tariffs set to take effect Wednesday, global markets show signs of recovery while uncertainty looms over the long-term economic impact.

• The Trump administration's sweeping tariffs on imports, effective Wednesday, aim to renegotiate trade terms, but have triggered significant global market volatility.
• China has escalated the trade conflict by imposing retaliatory tariffs, with officials vowing to 'fight to the end' against U.S. measures.
• Global stock markets experienced partial recoveries after steep sell-offs, as optimism grows over potential tariff negotiations with some nations, including Japan and South Korea.
• Tesla faces mounting challenges, with analysts citing tariffs and brand damage as key risks to its growth in crucial markets like China.
• Economic experts remain divided on the long-term effects of the tariffs, with some warning of a potential recession and others emphasizing national security benefits.

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