President Donald Trump’s “reciprocal” tariffs on dozens of countries took effect on Wednesday, including massive 104 per cent duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.
Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and sent stocks around the world reeling.
The S&P 500 .SPX has shed nearly $6 trillion
