<h1>Trade Tensions Escalate: US-China Tariff Standoff Triggers Global Economic Uncertainty and Market Volatility</h1> A significant trade war escalated after tariff increases, causing global market declines. The US president imposed new tariffs, prompting retaliatory measures from China and concerns from international partners. Italy cautioned against counter-tariffs, emphasizing economic risks. Taiwan announced a support fund for industries impacted by tariffs, with key sectors like electronics, steel, and agriculture expected to experience substantial effects. Markets showed notable drops, reflecting investor uncertainty.