Global Trade War Intensifies as Trump Slaps Massive Tariffs on China and Allies
A day after the announcement Global Trade War Intensifies as Trump Slaps Massive Tariffs on China and Allies. President Donald Trump on Wednesday announced a massive tariff on all Chinese imports. He raised duties to 54%, and this escalated trade war between the United States and China to new heights. Multiple trading partners have also been slapped with higher tariffs and this move has been met with concerns from economic analysts worldwide and fierce opposition from Beijing.