US President Donald Trump suggests a potential deal with China amidst a trade war escalation. China warns it’s not afraid of a trade war and demands equality and respect. The standoff has triggered global market instability, with fears of slowing economic growth and rising inflation. Trump states, ‘I fully expect it, but it’ll be a fair deal.’ Market expert Ruchi Sharma predicts average US tariff rates may settle around 10%, up from the previous 1-2.5%.
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