Trump Dismisses China's Tariff Retaliation Amid Escalating Trade Tensions

President Donald Trump responded nonchalantly to China's latest move in the ongoing trade dispute, where Beijing imposed a 125% tariff on U.S. imports and restricted American film entries. Trump downplayed the significance of these actions, stating he has "heard of worse things" when asked about China's retaliation targeting U.S. movies. The escalating tariff war has led to significant market volatility, with U.S. stock indices experiencing notable declines. Despite the economic turbulence, Trump remains steadfast in his trade strategy, asserting that the tariffs will ultimately benefit the U.S. economy.