In a recent development, US President Donald Trump has issued a response to China’s imposition of 34% retaliatory tariffs, leading to a sharp decline in US stock markets. Despite expressing optimism about robust job figures, American investors bore the brunt of substantial losses following the escalating trade tensions between the two economic powerhouses. Trump has alluded to the prospect of potential negotiations with China, deviating from his previous stance. He asserted that several other countries are open to discussions regarding tariff policies. The turmoil in the US financial markets has prompted certain lawmakers to question the effectiveness of Trump’s tactics in handling the trade dispute. This latest episode in the ongoing trade war between the United States and China has further heightened concerns about the impact on the global economy and financial stability.