Trump insists tariff policy works despite market turmoil, China retaliation

Donald Trump claimed his tariff policy benefits the US and the world, despite China ’s 125% tariffs. Stock markets fluctuated and the dollar fell as the US-China trade war intensified. Chinese President Xi Jinping stated China is “not afraid” and urged resistance to “unilateral bullying.

” President Donald Trump says his tariff policy is working and will benefit the United States and the world, despite China hiking tariffs on US goods to 125% in a deepening trade war. Traumatised stock markets seesawed, the dollar tumbled and US government bonds faced renewed pressure after Beijing’s retaliation intensified the confrontation between the world’s two biggest economies. In a message on social media on Friday, Trump continued to insist that “we are doing really well on our tariff policy”.



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