The article discusses the escalation of trade tensions between the United States and China during President Trump's second term. Implementing aggressive tariffsâup to 245 percent on certain goodsâhas led to a de facto trade embargo, reflecting Trump's protectionist agenda. China has retaliated with high tariffs and other measures, shaping a contentious atmosphere between the two nations. Economists and former officials emphasize Trump's view of China as a significant exploiter of US trade, contributing to record trade deficits for the US economy. This trade confrontation underscores the adversarial relationship that has evolved since Trump's first term.
US tariffs on most Chinese goods have risen to 145 percent, with the rate rising to 245 percent on some items, showing a stark escalation in trade tensions between the two economies.
According to Zhiwu Chen, a finance professor, Trump's continuation of a hawkish trade policy reflects a view of China as an adversary, not an ally.
The US trade deficit in goods and services reached $918.4bn in 2024, illustrating the significant economic implications of the ongoing trade war.
Dennis Wilder notes that Trump perceives China as one of the worst exploiters, having supposedly gained a free ride under globalization at the expense of US consumers.
Collection
[
|
...
]