In a significant escalation of the ongoing trade war, China has imposed a 34% tariff on all imports of U.S. goods in response to recent tariffs introduced by the Trump administration. This retaliatory measure has sent shockwaves through global markets, resulting in a drastic sell-off, and causing Wall Street heavyweights, including the Dow, to drop over 1,400 points. Analysts predict that the fallout from the trade dispute will continue to affect stock prices and global trade dynamics. As both China and the U.S. refuse to back down, experts are raising concerns over the long-term implications for international trade relations.