Trade War Escalates: Tariffs, Retaliation, and Recession Fears
Update: 2025-10-14
Description
Trade war escalates! New US tariffs on timber are imminent as Treasury Secretary Bessent accuses China of recession-level economic weakness and retaliatory export controls. Despite Trump hinting at de-escalation, tariff hikes and export restrictions loom, while China strikes back with port fees, antitrust probes, and soybean import bans. Brace yourself: consumers are already feeling the pinch, and a Supreme Court case threatens to upend Trump's entire trade strategy.
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