China Increases Tariff on U.S. Goods, Escalating Trade Tensions

China has implemented a new tariff on US goods, escalating the existing trade dispute between the two nations. The move follows the US’s recent imposition of tariffs, increasing duties to 145%. This raises concerns about potential supply chain disruptions and increased costs for businesses across various industries. 🇨🇳🇺🇸 The announcement signifies a significant escalation in global trade tensions. The Chinese government has stated their commitment to retaliation if U.S. actions continue to infringe on its interests.