Global ripple effects from China-U.S. trade row

Global ripple effects from China-U.S. trade row
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U.S. financial markets are flashing a warning sign of a recession, and the global economy is weakening as the U.S.-China trade war drags on. In response to the U.S.’s latest additional 10-percent tariffs on 300 billion U.S. dollars worth of Chinese goods, the Customs Tariff Commission of China’s State Council announced some countermeasures. It plans to impose tariffs on over 5,000 products worth about 75 billion U.S. dollars at rates of 5 to 10 percent. The measures will come into effect in two batches, on September 1 and December 15.

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