China Raises Tariffs, Intensifying US Trade War
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China escalated the trade war by increasing tariffs on US imports to 125%, calling the US's tariff strategy a 'joke'. Tesla halted US model orders in China, highlighting the impact. The US dollar and Treasuries are suffering, questioning their safe-haven status. The Trump administration faces a 90-day deadline to secure numerous trade deals, while having already imposed high tariffs on various countries.
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