
Rj Nasim
@nasim275
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βOn April 2, 2025, President Trump announced a 34% tariff on Chinese imports, escalating trade tensions. In retaliation, China imposed a matching 34% tariff on U.S. goods, effective April 10. President Trump then threatened an additional 50% tariff on Chinese products if China does not withdraw its retaliatory measures by April 8, potentially raising total U.S. tariffs on Chinese imports to 104%. β
These developments have led to significant volatility in global financial markets, with major indices experiencing substantial declines. Economists and business leaders express concern over the potential for a full-blown trade war, which could have far-reaching implications for the global economy. β
China has vowed to "fight to the end," condemning the U.S. actions as unilateral and bullying, and has pledged to implement legitimate countermeasures to protect its national interests and maintain international trade order. 0 reply
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