In a bold move, President Trump is imposing a staggering 104% tariff on all Chinese imports, escalating tensions between the US and China. This decision, backed by White House Press Secretary Karoline Leavitt, comes in response to China's retaliatory tariffs. As US stocks react, experts warn of potential layoffs and economic repercussions.
After a turbulent three days, Asian markets have found stability as stocks recover from steep declines. Measures from the Chinese government and positive comments from Treasury Secretary Bessent have helped restore investor confidence.
Iraq's central bank to ban five local banks from U.S. dollar transactions in efforts to combat money laundering and ensure compliance with U.S. regulations, amid growing tensions with Iran. The move signals a crackdown on financial violations.
