President Trump announced he could impose a 50% tariff on Chinese imports unless they lift their 34% retaliatory tariff by April 8, 2025. This escalation could significantly disrupt the economy and increase consumer costs, raising concerns about a market crash.
Larry Fink, CEO of BlackRock, has indicated that the U.S. May already be in a recession due to these ongoing tariff conflicts, which have resulted in substantial losses on Wall Street, potentially affecting global markets.
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