Trump’s 104% tariffs on China take effect: How this hurts world economy

US President Donald Trump’s punishing tariff of 104 per cent on China has come into effect, sending markets into a tizzy yet again. This has pushed the world’s two biggest economies to the brink of a trade war, which experts note would have devastating effects on the global economy. It raises fears of Chinese products flooding other markets, which would result in the collapse of small industries

Explainers