The World Today program focuses on the escalating trade war between the US and China. President Trump has imposed a 104% tariff on Chinese imports, to which China has retaliated with an 84% tariff on US goods. The European Union and Canada have also announced retaliatory tariffs against the US. Economists warn of potential global recession and currency war as markets reel from the tariff impacts. The RBI’s response to global trade tensions is also discussed. #worldtoday #tradewar #tariffs #uschina #globaleconomy #financialmarkets #rbi #monetarypolicy
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