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Trade war: Trump’s China tariffs hit 145% as trade war escalates globally

Trade war: Trump’s China tariffs hit 145% as trade war escalates globally
President Donald Trump has ramped up tariffs on Chinese goods to a staggering 145%, escalating tensions in the ongoing US-China trade war. Wall Street tumbled in response, while China hit back by slashing US film imports. Meanwhile, the EU has paused its counter-tariffs against the US for 90 days, urging de-escalation.