Silver Rises Over 120% YTD 
China has vowed to “fight to the end” against what it describes as US “blackmail” in the escalating global trade war initiated by President Trump’s sweeping tariffs.
After China matched Trump’s initial “reciprocal” duties, he threatened to increase tariffs on Chinese imports to over 100%.
Unlike China’s hardline stance, other Asian countries are taking more accommodating approaches, with Vietnam requesting a delay and Indonesia offering concessions on US imports.
The EU has proposed 25% counter-tariffs on various US goods while remaining open to negotiating a “zero for zero” deal.
The conflict has severely impacted financial markets, prompting warnings of potential recession and causing Chinese manufacturers to reconsider their operations. The head of Euronext went so far as to say the US now “resembles more an emerging market” than the dominant nation it once was, though markets have begun to stabilize after days of heavy selling.
