Global economy rocked again as rates on imports to the US from dozens of trading partners rose further, with China hit by 104% tariffs
The United States and China were headed towards an all-out trade war on Wednesday, locked in a high stakes game of brinkmanship as US president Donald Trump unleashed a new wave of tariffs against dozens of partners.
The global economy has been rocked since sweeping 10% US tariffs took effect over the weekend, triggering a dramatic market sell-off worldwide and sparking recession fears.