Trade Wars Escalate: Trump’s 125% Tariff Gambit

News Snapshot:

The trade war between the United States and China reached new heights on Wednesday, as President Donald Trump imposed a 125% tariff on Chinese imports. This latest move in the tit-for-tat conflict underscores the deepening rivalry between the world's two largest economies. Despite initial fears of recession leading to a broader tariff reversal, Trump's decision to target China with heightened tariffs disposes any immediate diplomatic resolution. Political and economic analysts express concern over the consequences of such an aggressive approach, fearing global economic instability. The US-China Business Council has urged both leaders to engage in dialogue, warning that the escalating...