U.S.-China Trade War Escalates, Disrupting Global Supply Chains
President Donald Trump has intensified the trade conflict with China by raising tariffs on Chinese imports to 145%. This move aims to address trade imbalances and bring manufacturing back to the U.S. However, it has led to significant disruptions in global supply chains, with U.S. companies halting orders and facing increased costs. Chinese exporters are also suspending operations and laying off workers, indicating a deepening economic standoff that could impact global markets.