Tue, 08 Apr 2025

Tue, 08 Apr 2025 China is not backing down from Trump's tariff war. What next?

The US-China trade war shows no signs of slowing down, leaving the world unsure of what to expect.
China has vowed to "fight to the end" in its trade war with the US, after President Donald Trump threatened to nearly double tariffs on Chinese imports. This could lead to a staggering 104% tax on most Chinese exports, causing significant economic pain for both countries. The escalation comes as the global market continues to fall following Trump's earlier tariffs. China has already implemented retaliatory measures, including 34% levies on US goods, and has allowed its currency to weaken. Experts warn that governments, businesses, and investors have little time to adjust to this new reality. The trade war is not just affecting China and the US, but also other countries such as Vietnam and Cambodia, which may see their exports hit by rising tariffs. Many believe that neither side will back down, with China potentially willing to endure economic pain rather than "capitulating" to what it sees as US aggression. As the trade tensions escalate, global markets remain uncertain, with many fearing a long-term impact on economies worldwide. The future of the trade war is far from clear, but experts predict that it will continue to have significant effects on international trade and commerce.
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