🔥 US Raises Tariffs on China to 245% – Trade War Intensifies! 🔥

The White House has announced that China now faces tariffs of up to 245% on its imports to the United States, a significant increase from the previous 145%. According to the US government, this measure is a response to retaliatory actions by the Asian nation, further escalating the trade war between the world's two largest economies.

The tariffs include a combination of reciprocal taxes, penalties related to the fentanyl crisis, and Section 301-specific tariffs, ranging from 7.5% to 100%. This strategy aims to protect US economic and national security interests while pressuring China to negotiate a trade deal.

With this escalation, global markets are closely watching the economic impacts and potential countermeasures Beijing might adopt. Will this trade war find a resolution soon?

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