Reports indicate that a 34% tariff increase on a wide range of Chinese products was recently announced. Economists have stated that these new tariffs, combined with existing ones from a previous administration that was continued under the current one, have raised the average US tariff on Chinese goods to approximately 65%. These new tariffs are set to take effect on April 9th. This action is reportedly part of a larger plan to implement tariffs on various global trade partners, according to...
https://mfame.guru/new-us-tariffs-on-china-trigger-yuan-weakening-and-potential-retaliation/