Escalation of the U.S.-China Trade War with New Implications
April 8, 2025
The trade war between the U.S. and China is escalating, with the U.S. planning to nearly double tariffs on Chinese imports, reaching 104%. China has strongly reacted by stating it will not back down and has imposed 34% tariffs on U.S. products. The situation worsens the delicate state of the Chinese economy, facing a real estate crisis and rising unemployment. Uncertainty continues to impact global markets, with the U.S. having a significant trade deficit with China.