China has decided to raise tariffs on American goods from 84% to 125%, a significant increase in response to the United States hiking tariffs on Chinese products to 145%. The US- China Trade war has spanned from 2018, though both sides began fresh negotiations in March 2022. However, this new move, carried out under President Donald Trump, has taken the trade war between the two countries to new heights. However, Chinese officials have made it clear that they won’t raise tariffs any higher than 125%, calling any further hikes unnecessary and not helpful, according to reports from CNN and other US news sources.
This tariff exchange marks another chapter in the ongoing trade war that began during Trump’s presidency. The US has used aggressive tariff strategies, not just with China, but also with other major trade partners like Canada. Both China and Canada have been firm in protecting their economic interests and haven’t shown any signs of backing down. The result has been a back-and-forth that’s stretched for weeks, impacting businesses, consumers, and economies worldwide.
The trade war has led to growing concerns among economists about the long-term damage it could cause to global supply chains, international trade, and overall economic stability. The World Trade Organization (WTO), led by Ngozi Okonjo-Iweala, has urged both the US and China to find common ground and seek peaceful dialogue instead of continuing the cycle of tariffs. She warned that these protectionist policies could hinder global recovery and economic growth.
Despite these calls for dialogue, both countries remain set in their positions. Many analysts believe the trade war is about more than just economics; it’s also a struggle for global influence between two powerful nations. As tensions continue, the world hopes both sides will eventually find a way to resolve their differences and reach a fair agreement
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