China raised tariffs on U.S. goods to 84% and filed a formal WTO complaint in response to Trump’s 104% import duties. The EU imposed 25% retaliatory tariffs on a wide range of U.S. products, with more countermeasures expected. Experts warn that a full-scale trade war is now underway, likely to increase consumer prices globally and … Continue reading Global Trade War Escalates: China and EU Retaliate Against U.S. Tariffs, Triggering Fears of Economic Turmoil