In a recent development, President Trump has intensified trade tensions with China by issuing a threat of imposing further tariffs if Beijing does not withdraw its retaliatory actions. Additionally, he has announced the suspension of trade negotiations with China until the issue of trade deficit is resolved, along with demanding compensations from Europe. Consequently, the US stock market has witnessed fluctuations, prompting Trump to encourage the American populace to stay resilient in the face of economic ambiguity. It remains to be seen how these developments will impact the global economic landscape, especially in the context of ongoing trade disputes between major economies.