The global economy is bracing for renewed turbulence following U.S. President Donald Trump鈥檚 announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S. trade partners like China鈥
China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine鈥
The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, said Rystad Energy.China announced on Monday that it will raise the duty on imports of US liquefied natural鈥
