Source: International Business Times
Donald Trump said countries were 'dying to make a deal' to avert painful tariffs AFP Equities and oil plunged again Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States' dozens of partners are set to come into effect. After a brief respite Tuesday from the panic-selling at the start of the week, investors were once again scurrying for the hills amid fears that the US president's hammer blow to global commerce will plunge the economy into a recession. The two economic superpowers were headed for a vicious standoff after Trump said China would be hit with another 50 percent levy in response to its retaliation in kind to his initial 34 percent duty announced last week.
