markdown A New Era in Trade Relations The recent meetings mark a pivotal moment. Trump escalated tariffs on Chinese imports to a staggering 145%. The Chinese responded with 125% levies on U.S. goods. This tit-for-tat drastically curtailed trade between the two economic giants. Potential Global Impact Such actions incite fears of a global economic downturn.U.S. and China Conclude Initial Round of Key Economic Discussions
## A Gloomy Forecast for Russia’s Economy After nearly three years of tumultuous conflict in Ukraine, Russia is finally experiencing the full brunt of economic sanctions from the West. This heavyweight pressure might just push Moscow to reconsider its ongoing war efforts. The [Atlantic Council](https://www.atlanticcouncil.org/) recently made this assertion, citing growing indications of economic strainThink Tank Predicts Economic Strain May Conclude Ukraine Conflict in 2023
