Type of Content
Approved Story
1
Format
Region
News Item Format
Standard
Autocurated
0
President Trump’s escalating tariff battle with China is rattling the global economy and raising questions about how the standoff will end.
Trump this week announced a 90-day pause on his sweeping tariffs against dozens of countries, but he bumped up import taxes on China to a staggering 145 percent total. China hit back by upping its own tariffs to 125 percent on Friday, raising the stakes as the hikes roil global markets.
Trump has insisted that China “wants to make a deal” but doesn’t “know how quite to go about it,” while leaders in Beijing have capped their latest hikes, warning that the battle risks becoming “a joke in the history of the world economy...