Asian shares fell as mixed Chinese economic data raised concerns over domestic struggles and U.S. tariffs. Wall Street futures also dipped amid rising Treasury yields and Moody's credit downgrade.
In a dramatic escalation of the trade war, China has raised tariffs on U.S. goods to 125%, marking a significant retaliation against Trump's policies. As negotiations fade, the economic implications could be severe.
In a significant escalation of the trade war, China has imposed tariffs of up to 15% on U.S. farm products and blacklisted over 20 American companies. This retaliation comes after Trump’s announcement of increased tariffs on Chinese goods.
