Markets Resume Slide as Trade Tensions Escalate, Biofuels Feel the Heat
Global markets have resumed their downward trajectory as the U.S. imposes another round of tariffs on China—escalating duties by 50% after Beijing refused to engage in negotiations. The rapidly deteriorating trade relationship is reigniting fears of COVID-era supply chain disruptions. Despite the undeniable interdependence between the Chinese and U.S. economies, both businesses and governments appear ill-prepared for the potential fallout of a full-scale trade war.
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