US and China tariff tensions continue to dominate the focus, with signs of deescalation mounting even as President Trump sent mixed signals on the state of relations.
On Monday, it was reported that Asian economies like South Korea, Japan, and India are taking the lead in trade talks with Trump’s administration, while China pledges additional support for tariff-hit exporters.
Trump’s tariff war has disrupted Washington and Wall Street for nearly a month, and if it continues, the impact will soon hit closer to home.
Since the US raised tariffs on China to 145% in April, cargo shipments have dropped dramatically, with estimates suggesting a 60% decline, per Bloomberg.
By mid-May, businesses will need to restock, and retailers like Walmart (WMT) and Target (TGT) have warned of empty shelves and rising prices. Experts predict major supply shortages and layoffs in sectors like…
