Markets faced a significant setback when US President Donald Trump’s most extensive tariffs took effect on Saturday. This move, according to many analysts, is expected to escalate global trade tensions and prompt retaliatory measures from trading partners. In response, Beijing has announced its intention to take legal action against the US at the World Trade Organization.

Source: https://www.france24.com/en/live-news/20250405-trump-s-global-tariff-takes-effect-in-dramatic-us-trade-shift