The Trump administration has escalated the U.S.-China trade conflict by implementing a 125% tariff on Chinese goods.
This move follows a series of tariff increases aimed at addressing trade imbalances and encouraging domestic manufacturing.
The imposition of these tariffs has led to significant market volatility and strained relations with key allies and trading partners.
There are concerns about potential inflationary pressures, the risk of a global recession, and job losses in industries reliant on global supply chains.