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Trump's tariff hammer: China in shock - is there a threat of a trade war?
The US increases tariffs on China by 104%. Trump's pressure on Beijing is growing. Consequences for the economy and markets are expected.
Trump's tariff hammer: China in shock - is there a threat of a trade war?
Breaking news from Washington: The infamous US President Donald Trump is causing a sensation again! At a meeting in the White House, a shocking tariff decision was announced: Additional 104% tariffs on China have been in force since Tuesday afternoon - a real trade whirlwind! For more information, see the latest coverage on watcher.guru.
Trump, the shrewd dealmaker, is reportedly waiting for a call from Beijing to clarify the situation. But the Chinese, seemingly at a loss, are unimpressed and have freshly announced: “We will fight until the end!” Background: In response to Trump's first tariff strike, China raised its own tariffs by 34% and made no move to withdraw them. And so Trump continued to tighten the thumbscrews!
But the chaos doesn't end there. The global stock markets are seeing red! The US tech giant Apple is reeling, share prices are in free fall. The crypto market is also weakening, Bitcoin is losing a whopping 7% in just one week! Economic experts are warning of a gathering storm that could even trigger a year-long recession. And all because of a tariff game between two superpowers. Hold your breath, because the drama surrounding Trump, China and the rest of the world has just begun!