Overview

• The US has imposed a 145% tariff on Chinese imports, while China has retaliated by raising tariffs on US goods to 125%, signaling a new peak in the trade war.
• China's Ministry of Finance declared the latest tariff increase as final, stating that further US hikes would be economically unviable and ignored.
• Global financial markets remain volatile, with stocks, bonds, and currencies fluctuating sharply as fears of a global recession intensify.
• Experts warn of potential long-term economic damage, including a possible decoupling of the US and Chinese economies due to the ongoing tariff escalation.
• China has amplified nationalist rhetoric in response to the tariffs, with state media invoking historical defiance and Beijing exploring alternative trade strategies.