Trade Tensions: A New Global Market Reality

The U.S. and China are locked in a contentious trade war, sparked by President Trump's tariffs. Both sides refuse to back down, with China calling U.S. tactics 'blackmail.' The EU and other Asian nations are seeking diplomatic solutions, while economic forecasts suggest potential global market instability.

The United States has criticized China's response to its tariff policies, labeling it a 'big mistake,' as tensions between the world's largest economies escalate into a trade war.

China remains defiant against what it perceives as U.S. 'blackmail,' while European and Asian countries negotiate to minimize economic fallout. Global markets have steadied but remain fragile.

Economic experts warn of long-term impacts, with China's GDP growth forecast downgraded. Meanwhile, the EU considers countermeasures, seeking to protect its industries from the ripple effects of the mounting tariff battle.

(With inputs from agencies.)