Analysts report that Beijing is now much stronger and more prepared to handle US tariffs amidst the renewed trade war instigated by President Trump. In a move to counteract the alleged failure of China to address opioid exports, Trump has imposed a 20 percent tariff on Chinese imports, adding to previous tariffs exceeding $400 billion. In retaliation, Beijing has announced its own tariffs on US agricultural products, reaffirming its readiness for ongoing trade conflict, highlighting the reduced interdependence between the two nations since the first trade war in 2018.
Since Trump began his latest term, he has enacted a 20 percent tariff on Chinese imports and previously imposed duties on over $400 billion worth of goods.
The latest tariffs from the US have provoked Beijing to retaliate with 10-15 percent tariffs on US agricultural goods, signaling an ongoing trade battle.
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