In a dramatic twist in global trade, President Trump has warned that the U.S. will slap on an extra 50% tariff on the Chinese mainland if it doesn’t withdraw its 34% tariff on U.S. products. This bold move is already sparking heated discussions both in Washington and abroad.
Countries affected by the U.S. tariffs are responding with countermeasures and striking new trade deals. Top U.S. business leaders and analysts are cautioning that these escalated tariffs could dent U.S. economic growth, potentially turning the high-stakes trade drama into a real-life roller coaster for markets and investors.
Even within Trump's own circle, opinions are divided. Some staunch supporters back the tough stance, while others worry about long-term impacts. As tensions mount, the unfolding story is reminding us of how interconnected global trade and domestic economic health really are. ⚖️🌏
Stay tuned for further updates as this trade war saga continues to evolve, offering a front-row seat to international negotiations and market shifts.
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Trump: extra 50% tariff on China if not withdraw its 34% tariff on U.S.
cgtn.com
