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shuaizhi
@shuaizhi
The U.S. has implemented a 104% tariff on Chinese goods effective today, following President Trump’s announcement of an additional 50% duty if China did not retract its 34% retaliatory tariffs by April 8. China’s Commerce Ministry has vowed to respond, with its stock market experiencing significant declines. Global markets are sliding, with manufacturers warning of profit hits and planning overseas production shifts.
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