Global markets experienced a significant downturn following President Trump's aggressive new tariffs, with China and other nations quickly retaliating. Trump's tariff imposition, seen as a fulfillment of a campaign promise, reshapes international trade rules, leading to further economic uncertainty. China criticized these actions as unilateralism and economic bullying, fearing substantial impacts on global supply chains and economic recovery. With tariffs set to begin Wednesday, the international community is left grappling with the repercussions of these trade conflicts, escalating tensions and economic instability.
Global markets are experiencing a downturn largely due to President Trump's unwavering stance on new tariffs, triggering swift retaliation from countries like China.
China condemned the U.S. tariffs as economic bullying, asserting that such measures threaten global production stability and harm the economic recovery worldwide.
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