US President Donald Trump's new tariffs, effective Saturday, target countries like Australia, the UK, Colombia, and Saudi Arabia, sending shockwaves through global markets. In response, China imposed 34% tariffs on U.S. imports, along with export controls and trade restrictions. Experts warn that the escalating trade war could lead to a recession, as tensions between the U.S. and China continue to rise. This report explores the potential economic fallout of this global conflict.
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