
Bitcoin.com News|Apr 08, 2025 10:32
🌍 The global trade war ignited by the Trump administration's reciprocal tariff scheme is creating ripples in the U.S. economy, with some claiming positive effects despite turmoil in stock markets!
President Trump took to social media to highlight the benefits of his tariff policy, stating that oil prices, interest rates, and food prices are down, and the U.S. is bringing in billions from tariffs on "abusing countries."
He also issued a stern warning to China, demanding they drop their recent 34% tariff hike or face an additional 50% tariff starting April 9th, 2025. "All talks with China will be terminated if they don't comply," he stressed.
In response, China has vowed to continue the fight, labeling the U.S. threats as "bullying" and stating they will not back down. The Chinese Ministry of Commerce declared, "If the U.S. insists on its own way, China will fight to the end."
What are your thoughts on the ongoing trade war and its impact on the global economy? Let us know! 💬
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