Trump threatens additional 50% tariffs on China over retaliatory levies

President Trump has threatened to impose a 50% tariff on imports from China unless they remove retaliatory tariffs by Tuesday, following Beijing’s 34% tariff on US imports. Global markets have been in turmoil since Trump initiated a trade war with tariffs on US trading partners last Wednesday, resulting in catastrophic falls worldwide. The escalating trade tensions between the US and China have raised concerns about the impact on the global economy.

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