China Warns of Retaliation as Trump Proposes 100% Tariffs

China has warned the US of retaliation if President Trump does not withdraw his threat to impose 100% tariffs on Chinese imports. This announcement has led to a significant drop in the stock market and the dollar's value, raising concerns about a potential trade war and its economic implications. Investors are on edge as the fragile state of US-China relations could lead to increased consumer prices and broader global economic repercussions.