Published: May 15, 2024, 05:30 IST | Updated: May 15, 2024, 05:30 IST
World Business Watch May 15, 2024, 05:30 IST
Trade fragmentation concerns mount after US tariffs on China
The simmering trade tensions between the US and China have reached a boiling point. The US administration announced a significant increase in tariffs on $18 billion worth of Chinese goods. This move targets key sectors like electric vehicles, semiconductors, and steel.