Overview

• The U.S. imposed 104% tariffs on Chinese imports, with China responding by raising tariffs on U.S. goods to 84%.
• This marks the fourth escalation in the ongoing trade conflict, further destabilizing global markets and investor confidence.
• U.S. futures dropped over 1.7%, and European stocks fell more than 3% following China's tariff announcement.
• A Reuters survey revealed that 60% of economists now view the risk of a global recession as high or very high.
• Three-quarters of surveyed economists have reduced their global growth forecast for 2025 from 3% to 2.7%, citing ongoing economic uncertainty.