RawDiary

China Strikes Back: 34% Tariff on U.S. Imports

In a bold retaliatory move against Trump's sweeping tariffs, China has imposed a 34% duty on all U.S. goods. This aggressive step intensifies the global trade war, rattling markets and prompting widespread international alarm as leaders call for urgent dialogue.

24 Hours President Donald Trump unleashed sweeping tariffs affecting imports from nearly every trading partner. In response, China retaliated fiercely by imposing a 34% tariff on U.S. goods, fueling a global trade war and triggering widespread market sell-offs. Wall Street stocks tumbled as economic uncertainty soared, while international leaders and lawmakers decried the disruptive policies. Major political shake-ups occurred, including the firing of top national security officials and contentious proxy voting debates in Congress. Protests erupted nationwide, and economists warned of significant recession risks. The tariffs have reshaped trade negotiations and sparked fierce debates on America’s economic future. Impact remains deeply uncertain.

Number 60% - Recession risk, JPMorgan forecast

Quote ‘Tariffs are a double-edged sword,’ Sen. Ron Johnson warns — Sen. Ron Johnson