The U.S.–China economic war escalates as Beijing hits American goods with a 34% tariff. President Donald Trump swiftly retaliated, slamming China for “panicking” and announcing harsher tariffs under his principle of reciprocity. China responded by restricting exports of rare earth materials critical for tech industries and imposing controls on 27 U.S. firms. The trade battle now stretches into the WTO and beyond, with both nations hardening their stances. The global economy braces for impact as the two superpowers clash in an escalating tariff and tech war.



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