President Donald Trump just dropped a 50% tariff bomb on Chinese imports, sending global markets into a tailspin. The Dow plunged over 1,200 points. The S&P 500 officially entered bear market territory. Hong Kong’s Hang Seng saw its worst drop since 1997.
Trump claims the move is retaliation for China’s 34% tariffs on U.S. goods—but economists are sounding alarms. Deutsche Bank warns this is the biggest disruption to global trade since the 1970s. Financial experts say Trump’s move could ignite a global recession.
Who’s getting hit hardest? American small businesses—the backbone of our economy—many of whom rely on Chinese imports to survive. Retailers, manufacturers, tech startups—they’re all bracing for higher costs, supply chain shocks, and layoffs.
Once again, Trump’s reckless economic brinkmanship proves one thing: he doesn’t care who burns, as long as he gets to hold the match.
Stay tuned. We’re watching this story as it develops.
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