US-China Trade Tensions Escalate with New Tariffs

The US has imposed a 104% tariff on Chinese goods, escalating trade tensions between the two nations. This move follows a series of retaliatory measures from both sides, with neither showing interest in negotiating a resolution. The tariffs are part of President Trump's strategy to pressure China into more favorable trade terms. However, the increased duties could have significant economic repercussions, affecting global supply chains and consumer prices.