U.S.-China Tariff Showdown: A Full-Blown Trade Battle

Source: New York Post : Trade War

 What’s happening?

  • The U.S. is imposing a massive 104% tariff on Chinese exports, effective immediately.
  • This is a direct response to China’s recent 34% tariff on American goods, particularly aimed at U.S. agricultural and tech sectors.
  • U.S. Treasury Secretary Scott Bessent called China’s move a “strategic miscalculation” and warned that America will not be “bullied.”
  • China responded by calling the U.S. measures “blackmail” and declared it will “fight till the end.”

Why it matters:

  • This is not just a tit-for-tat tariff dispute. It signals the return of aggressive protectionist policies, disrupting global trade stability.
  • A 104% tariff effectively doubles the cost of Chinese goods entering the U.S., which may force American businesses to raise prices or look for alternative suppliers.
  • If China escalates further, U.S. exporters (especially farmers, car manufacturers, and chip makers) will suffer from limited access to Chinese markets.

 Broader impact:

  • Global markets are already shaky, with stocks falling in Asia and Europe.
  • Economists fear this could trigger another round of global supply chain disruptions (Trade War), reminiscent of the early COVID years.

Emerging economies caught between the two giants may also suffer collateral damage as global demand and investment flows decline.

Read More : China Warns Countries: “Don’t Side with US in Trade Deals

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