Rates on imports to US from dozens of countries rise further, with China hit by 104% tariffs
- Business live – latest updates
The US and China are heading towards an all-out trade war, as Donald Trump unleashed a new wave of tariffs against dozens of partners that triggered a fresh day of stock market turmoil on Wednesday.
The global economy has been rocked since sweeping 10% US tariffs took effect over the weekend, prompting dramatic market sell-offs worldwide and sparking recession fears.
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