Trump’s Surprising Shift on Tariffs: A Major U-Turn in the Trade with China
Initially, the U.S. had imposed a 20% tariff on Chinese goods, a move that was followed by a significant 34% increase. This aggressive stance sent shockwaves through global markets, and China was quick to retaliate, levying tariffs of its own and filing a formal lawsuit at the World Trade Organization (WTO). This led to Trump … Read more