US Escalation 🔥 Washington threatens tariffs of up to 245% on Chinese imports!
🇺🇸⚔️🇨🇳
In the latest chapter of the trade war between the world's two largest economies, the United States announced its intention to impose tariffs of up to 245% on a wide range of Chinese imports.
The move is part of Washington's policy to curb what it describes as "unfair trade practices" by Beijing.
What happened?
This April: Washington imposed new tariffs of 34%.
China responded with corresponding tariffs of the same rate (34%).
The US responded with an additional 50% (total 104%).
China responded by raising the rate to 84%.
The US raised it again to 125%.
With the inclusion of the "fentanyl" crisis, the tariffs increased to 145%.
Today: The threat of 245% increases the intensity of the trade escalation!
Are we facing a strong return to a full-blown trade war?
Markets are anticipating, and the impact could extend globally, particularly to supply chains and commodity prices.