Trump's threat to impose 50% tariffs on China could trigger global economic downturn. Stay informed on the latest developments.
The President of the United States, Donald Trump, has threatened to impose an additional 50% tariff on China if it does not cancel its retaliatory 34% tariffs on American exports by April 8. Global markets, especially in the US, were heavily impacted by Trump’s tariffs on Tuesday. Asian markets also faced significant declines in overnight trading. Economic experts warn that these tariffs could lead to a multi-year recession. The European Union has stated its readiness to negotiate with the US, but may react retaliatorily similar to China.
