Trump Sounds Defiant Note as Tariffs Roil Markets Again

President Trump's announcement of global tariffs has triggered swift retaliation from China, which plans to impose a 34% tariff on U.S. goods, including agricultural products. Financial markets have reacted negatively, with substantial declines in the S&P 500 and Nasdaq. Economic concerns are rising, with the Federal Reserve predicting higher inflation and slower growth, while Trump remains defiant about his strategy.