RawDiary

Trump's Tariff Blitz: 104% Duty Ignites Global Trade War

President Trump's sweeping 104% tariff on Chinese imports has set off an explosive trade war, with global markets bracing for impact amid fierce retaliatory measures from Beijing. The dramatic fiscal move is intensifying economic turbulence and sending shockwaves through international supply chains, undercutting investor confidence worldwide.

24 Hours President Trump's aggressive tariff strategy, including a staggering 104% duty on Chinese imports, has ignited a global trade war as China retaliates with 84% tariffs on US goods. Stock markets plunge, bond yields surge, and recession fears intensify amid this economic showdown. IRS chaos deepens with multiple high‐level resignations triggered by controversial data-sharing with ICE. At the border, threats of $1K fines for defiant migrants add to the turmoil. Internationally, the EU and Germany unleash countermeasures while US political infighting over budget and trade policy escalates—all signaling a seismic shift in the global economic order.

Number 104% - Tariff shock on Chinese imports

Quote "BE COOL! Everything is going to work out well" — President Trump