United States President Donald Trump intensified global trade tensions by proposing a steep 50% tariff on Chinese goods, refusing to pause his aggressive trade strategy despite market turmoil. His announcement follows a week of sweeping tariff measures that sparked a major sell-off in financial markets and drew criticism from both international allies and domestic political figures, including members of his own Republican Party. As the economic standoff deepens, China has retaliated with its own tariffs—imposing 34% duties on American exports. Analysts warn that the escalating tit-for-tat moves between the world’s two largest economies risk pushing global markets toward a recession. Businesses and investors are bracing for further disruptions as uncertainty around international trade policy grows. Washington’s rigid stance, coupled with Beijing’s firm response, suggests prolonged volatility ahead.
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