President Trump has heightened tariffs on China, raising them to an unprecedented 145% as retaliation for trade practices. This significant increase may spark a strong response from China, potentially destabilizing U.S. markets. Following the announcement, stocks fell and bond yields unexpectedly rose, indicating a broader market reaction. If China decides to sell U.S. Treasury bonds in response, it could drive mortgage rates higher, adversely affecting the housing market. Experts warn of the domino effect this trade war escalation could impose on economic growth in both nations.
President Donald Trump’s new 145% tariff on China could provoke a major market reaction, potentially driving up mortgage rates and impacting U.S. homebuyers.
This significant tariff rate marks a sharp escalation in the trade conflict, pushing the U.S. one step closer to a trade war with China that could destabilize economic growth.
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