China's Immediate Response After Trump's Cabinet Meet: Tariffs on U.S Goods Surge to 125%| Trade War
Video Credit: Oneindia - Duration: 04:45s - Published
China's Immediate Response After Trump's Cabinet Meet: Tariffs on U.S Goods Surge to 125%| Trade War
The trade war between the U.S. and China has reached new heights.
In response to President Donald Trump's decision to raise tariffs on Chinese goods to 145%, China has retaliated by increasing its own tariffs on U.S. imports to a staggering 125%.
With both sides digging in, the global economy is bracing for more turbulence.
As tensions mount between the worldās two largest economies, the future of international trade hangs in the balance.
Watch the latest developments in this escalating economic conflict.
#China #USTariffs #TradeWar #Trump #ChinaRetaliates #GlobalEconomy #Tariffs #TradeConflict #ChinaUSRelations #EconomicTensions #InternationalTrade #USChina #BusinessNews #TrumpVsChina
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In a major setback for peace in Eastern Europe, the Kremlin has poured cold water on any hopes of a ZelenskyāPutin summit in the next 30 days. Kremlin spokesman Dmitry Peskov declared the meeting āunlikely,ā citing irreconcilable differences between Ukraine and Russiaās draft proposals. This comes amid growing U.S. pressure, with President Donald Trump threatening sweeping 100% secondary tariffs on Russia if a peace deal isn't reached by the looming 50-day deadline.
While Zelensky has repeatedly offered to meet Putin face-to-face, Moscow continues to dodge direct engagement. Instead, Russia is sticking to a rigid draft memorandum first introduced in Turkey and refuses to consider Ukraineās summit request before August-end. Trump, visibly frustrated, warned that the lack of progress could trigger severe economic consequences. With time running out and no summit in sight, the chances of diplomacy are fading fast.
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