Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels
NegativeFinancial Markets

In a significant escalation of the ongoing trade conflict, Trump has announced plans to increase tariffs on China to 130% and implement new software export controls next month. This move is expected to heighten tensions between the two economic giants, reminiscent of the intense trade disputes seen in the past. The implications of these tariffs could lead to increased prices for consumers and further strain international relations, making it a critical development to watch.
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