AI-Generated Image Chinese stock markets are on course for their worst single-day collapse since the 2008 Great Financial Crisis on Monday. The Hang Seng Index plummeted over 12%, and the CSI300 blue-chip index dropped 7.05%. Retaliatory tariffs between Beijing and Washington ignited fears of a full-blown global trade war. Last week, Communist China announced a sweeping 34% retaliatory tariff on all goods imported from the United States, which will take effect on April 10. This comes as a pathetic retaliation to President Donald Trump’s decisive action earlier this week, when his administration rightfully imposed reciprocal duties on the Asian superpower, a move aimed at rectifying longstanding trade imbalances and protecting American industries from unfair competition. According to a Google-translated statement by CCP’s Ministry of Finance: On…
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