Mumbai, April 9 -- U.S. tariffs on Chinese goods soared to 104% on April 9 as President Trump escalated his trade war, aiming to push companies back to American soil. The hike follows China's retaliation and builds on earlier levies from February and March. While Trump claims the move will restore U.S. manufacturing, experts warn of rising inflation and a long road ahead for any industrial shift. Global markets tumbled after a fresh 10% tariff kicked in over the weekend, sparking recession fears. Beijing slammed the U.S. for blackmail and vowed to fight back.
Published by HT Digital Content Services with permission from Capital Market....