Overview

• U.S. President Donald Trump has implemented an additional 50% tariff on Chinese imports after Beijing refused to retract its 34% retaliatory tariffs by the set deadline.
• China remains defiant, with its trade ministry declaring it will continue to counter U.S. measures and protect its economic interests.
• The European Union is advancing plans for selective countermeasures while proposing mutual tariff removals on industrial goods to de-escalate tensions.
• Global financial markets are experiencing significant instability, with major indices like the Dow Jones and Nasdaq reflecting investor concerns over economic risks.
• Economic analysts warn of potential global recession risks, disrupted supply chains, and a projected 15% decline in German exports to the U.S.