RawDiary

China Strikes Back — 34% Tax on US Goods Rocking Trade War

China has unleashed a 34% tariff on US imports in a bold retaliation, sparking a fierce global trade war and sending shockwaves through financial markets.

24 Hours Trump’s tariffs have escalated global trade tensions as China retaliates with a 34% import tax, triggering market freefalls. US job reports show robust growth with 228K new hires amid economic uncertainty. Political turmoil deepens with high-level firings in Trump’s administration and contentious court rulings in South Korea, leading to the ousting of President Yoon Suk Yeol. Bipartisan efforts in Congress seek to reclaim tariff authority. Funding freezes, auto industry shifts, and tech challenges compound the chaos. Global leaders slam US policies as markets react with steep declines, raising recession fears worldwide. Economic and political storms continue fueling uncertainty. Watch closely.

Number 228,000 - US added 228K jobs in March

Quote "China played it wrong, they panicked - the one thing they cannot afford to do." — President Donald Trump