US-China Trade War Escalates: 104% Tariffs on Chinese Goods Now in Effect
The United States has imposed crippling tariffs of at least 104 per cent on Chinese goods, effective immediately, as part of its escalating trade war with China. This move, initiated by US President Donald Trump, also includes sweeping duties on dozens of other countries. The tariffs are expected to have far-reaching consequences for global trade, with potential impacts on international commerce, economic growth, and consumer prices. As the trade tensions between the US and China continue to rise, businesses and consumers alike are bracing for the effects of these protectionist policies. With the US-China trade war showing no signs of abating, the implementation of these tariffs marks a significant escalation in the ongoing dispute. Key terms such as 'trade war', 'protectionism', and 'global trade' are likely to dominate the economic discourse in the coming months. The situation is being closely monitored by economists, policymakers, and industry leaders, who are eager to assess the full implications of these tariffs on the global economy.