US President Donald Trump’s recent move to impose “reciprocal” tariffs at a staggering rate of 104% on Chinese goods has set off a worldwide trade conflict, causing turmoil in markets and igniting concerns about a possible economic downturn. The implementation of these tariffs, which began with levies on products linked to fentanyl and then escalated with retaliatory actions, has resulted in a sharp decline in stock markets globally. Analysts are now predicting that these tariffs are likely to lead to an increase in consumer prices, further adding to the economic uncertainty. The impact of these tariffs is being closely monitored by experts and policymakers alike as the trade war between the US and China continues to unfold. Trump’s aggressive stance on trade has not only intensified tensions between the two economic powerhouses but has also raised apprehensions about the future of global trade relations. Stay updated on the latest developments as this trade war unfolds and its repercussions become more evident in the coming days.