If you thought the US-triggered tariff wars will subside anytime soon, you couldn’t have been more wrong! In a significant development, US President Donald Trump on Friday announced a fresh 100 per cent tariff on all Chinese goods, in addition to any existing levies on specific categories.
The latest announcement, made after the market hours on Wall Street, comes at a time when what Trump describes as “reciprocal tariffs” and the subsequent trade-related levies by America’s trade partners has kept investors on edge for months. Many financial experts have criticised Trump’s tariffs, citing concerns about the trade war’s ill effects on the world’s largest as well as other major economies.
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