US-China trade war intensifies as Trump’s tariffs take effect

US President Donald Trump’s new tariffs, effective Saturday, target countries like Australia, the UK, Colombia, and Saudi Arabia, sending shockwaves through global markets. In response, China imposed 34% tariffs on U.S. imports, along with export controls and trade restrictions. Experts warn that the escalating trade war could lead to a recession, as tensions between the U.S. and China continue to rise. This report explores the potential economic fallout of this global conflict.