US Slaps 145% Tariff on China: Trade War Escalates, Markets Plummet
The U.S. has slapped a 145% tariff on select Chinese goods, marking a dramatic escalation in the ongoing trade war. This unprecedented move follows previous tariff increases, leaving importers in a state of utter confusion. The rapid and unpredictable changes make it nearly impossible for businesses to accurately plan for costs and manage inventory. One might as well just arbitrarily set the tariff at 500%, given the current volatility.
This latest action has sent U.S. markets into a tailspin, erasing recent gains and pushing indices below their levels from just a week prior. The previously celebrated market surge is now relegated to a mere historical footnote.… Continue reading
Matt Underwood