U.S. stocks experienced substantial volatility as the market responded to developments in the U.S.-China trade war. The S&P 500 saw a significant rise of 1.8% after a week of wild swings, influenced by a spike in tariffs announced by China on U.S. goods. Markets closed positively despite initial losses, underscoring investor anxiety over trade tensions. Meanwhile, an official from China characterized the U.S. tariff increases as largely symbolic and warned of resolute counteractions if U.S. infringements continue, highlighting the adversarial nature of the trade relations between the two countries.
The U.S. alternately raising abnormally high tariffs on China has become a numbers game, which has no practical economic significance, and will become a joke in the history of the world economy.
However, if the U.S. insists on continuing to substantially infringe on China's interests, China will resolutely counter and fight to the end.
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