Tensions flared between the US and China as Washington imposed 104% tariffs on key Chinese imports beginning April 9. The US cited trade imbalances and unfair practices, while China retaliated with a 125% tariff hike on American goods, particularly in agriculture and technology.
Global markets responded negatively, with major Asian indexes dropping significantly. Analysts warn this escalation may disrupt global supply chains and drive up consumer prices. As talks stall, businesses and consumers brace for the broader economic fallout from what many are calling the most intense trade standoff in years.
