Tariff Tensions Rise: China and U.S. in Economic Standoff

News Snapshot:

The economic tensions between China and the United States continue to escalate as Beijing dismisses Washington's latest tariff threats. The White House has outlined that China faces duties of up to 245% due to its retaliatory actions, further deepening the trade rift between the two nations. In recent developments, President Donald Trump had initially announced a sweeping array of tariffs on all countries before scaling back for many, yet maintaining harsh duties on Chinese imports. In response, China elevated its tariffs on U.S. products, with officials emphasizing the need for any negotiations to occur under the premise of mutual respect...