‘Trade War TikTok’ Takes Aim at Luxury
In the video, a Chinese man strolls through a warehouse filled with shelves and shelves of polybag-wrapped handbags. “This stock is leftover from producing bags for European luxury houses, but thanks to Trump’s tariffs I can’t export to [the] US anymore,” he claims in a post that had over 1
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
Stock markets around the world plunged for a second day on Friday as China announced retaliatory tariffs of 34 percent on US imports, signalling a major escalation of a trade war ignited by Donald Trump and feeding fears of a global recession. “For all imported goods originating from the US,
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