Brief News Review
US President Donald Trump is imposing his tariffs to an absurd 104% rate for imports from China. Five days ago, China claimed a reciprocal 34% tariffs on all imports from the United States from April 10. But the latest wave pushed China to raise the import duties on imported US goods to 84%. An escalating standoff between the world’s two biggest economies is looming. Markets across the globe lost trillions of dollars after Trump announced the new tariffs last week, with many Americans fearing price rises and some analysts predicting increased problems of recession. The steep new duties on China and 184 other US trading partners…
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