New York, USA: The US-China trade war escalated sharply yesterday, plunging the global economy into uncertainty and dampening hopes of a broader tariff retreat following President Donald Trump’s recent softening of stance toward other trading partners. The White House clarified that Trump’s latest tariff hike on Chinese imports—announced just a day earlier—brings the total levy on goods from the world’s second-largest economy to a staggering 145%, up from the previously reported 125%, as the increase builds on an earlier 20% tariff. China has responded with its own countermeasures, slapping 84% tariffs on US imports.EU suspends counter-tariffs for 90 days after Trump U-turnChina's 84% levy on US goods comes into effectBeijing says tariffs 'goes against the world', curbs Hollywood imports The renewed tensions between the two economic superpowers cast a long shadow over the optimism sparked by Trump’s...