🇨🇳🔥 China strikes back at Trump
After Trump announced a 100% tariff on Chinese products, Beijing wasted no time:
• Export restrictions were imposed on rare earth materials.
• Port fees were introduced for American ships.
• An antitrust investigation was launched against Qualcomm
Markets wobbled: gold rose and stocks fell.
China labeled Trump's comments as “provocative” and promised not to back down.
The world is now witnessing the first sparks of a new economic cold war.
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Sources: Bloomberg, CBS, Financial Times, Reuters, Fortune, SCMP
