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Trump Rages: China Unleashes 34% Retaliation in Trade War

President Trump's aggressive tariff battle with China has thrown global markets into chaos. The imposition of a brutal 34% retaliatory duty has intensified recession fears and signaled a new era in international trade conflict. Economists warn that this showdown could trigger widespread economic disruption and reshape global alliances now.

24 Hours In recent days, President Donald Trump has unleashed sweeping tariffs on goods from nearly every nation, sparking global outrage and causing severe stock market plunges. China has retaliated with a 34% tariff on U.S. imports, intensifying fears of an escalating trade war that threatens to plunge economies into recession. Financial markets are reeling as investors brace for rising consumer prices and industrial disruptions. Meanwhile, political upheavals continue abroad, with South Korea ousting its president over a martial law blunder and top national security officials being fired. Across the globe, economic uncertainty and policy shakeups underscore a radical shift in international trade dynamics now.

Number 34% - China's retaliatory tariff rate

Quote ‘There will be blood’ — JPMorgan