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Trump Tariffs Roil Markets, Treasury's Bessent Issues Warning on Retaliation

Bloomberg Daybreak: Asia Edition

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U.S.-China Trade Tensions: Impacts of New Tariffs

This chapter explores the significant increase in U.S. tariffs on Chinese imports, reaching up to 54%, and its implications for trade dynamics. The discussion includes the effects on major companies like Alibaba and JD.com, as well as the potential consequences for China's GDP and the yuan. Additionally, the chapter touches on President Xi's diplomatic efforts in Southeast Asia and forecasts regarding inflation and economic stability amid ongoing trade tensions.

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