The latest escalation in the global trade war has intensified economic tensions, sending shockwaves through markets and industries worldwide. With China’s retaliatory tariffs reaching 34 per cent and the US imposing sweeping barriers on imports, the world is entering a period of profound economic uncertainty. The repercussions of this battle between two of the largest economies will not be confined to boardrooms and stock exchanges ~ it will affect workers, businesses, and consumers everywhere.

The most immediate consequence of this trade war is the turbulence in global markets. Investors have already signaled their distress, with stock markets in the US, Europe, and Asia experiencing significant declines. The banking sector has been particularly hard-hit, reflecting fears that tighter trade restrictions will slow economic growth and trigger a recession. Investment banks are adjusting their economic forecasts, now predicting a heightened risk........

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