In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More
U.S.-China Trade War: Redrawing the Global Economic Landscape
As the U.S.-China trade war heats up again, the world’s two largest economies are at a pivotal juncture. With the second Trump presidency and escalating tariffs, China’s economic strategies and its ambitions to become a high-tech powerhouse face renewed scrutiny. Trump’s Trade Agenda and Its Global Ripple Effect Donald Trump’s proposed tariff hikes, which could reach as high as 60% on Chinese goods, represent a … Read More