Trade War 2.0: Dollar Takes a Nosedive as China Slaps XXL Tariffs
Key Points
- U.S. and China are locked in a tariff battle, with China imp...
Ever wondered what happens when two economic giants have a tariff-slinging contest? Well, grab your popcorn and trading charts, because the U.S. and China are giving us front-row seats to the most expensive game of "who blinks first" in recent memory.
The Great Wall of Tariffs
China just dropped the mother of all trade bombs - a whopping 125% tariff on U.S. imports. Meanwhile, the U.S. dollar is acting like it just saw its portfolio after a bad day, tumbling below the sacred 100 mark with a 2.9% weekly decline. Goldman Sachs analysts, ever the bearers of cheerful news, have pegged recession...
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