Impacts of Tariffs from U.S-China Trade War, a Threat to the Global Economy

The article explores the U.S.-China trade war and its potential impacts on the global economy. Following the pandemic, tensions between the two largest economies escalated with the U.S. imposing high tariffs on Chinese goods, and China retaliating. This trade conflict threatens not only bilateral relations but global stability, as both countries are deeply intertwined in global trade. The U.S.-China trade imbalance is significant, with the U.S. importing much more from China than it exports. While tariffs have reduced U.S. dependence on Chinese imports, China has rerouted goods through Southeast Asia to avoid these tariffs. Key industries, such as electronics and agriculture, are severely affected, with retaliatory tariffs driving up prices. Beyond tariffs, both countries are also taking strategic actions, including technology and export restrictions, further disrupting global markets. Emerging markets are particularly vulnerable, and multinational companies are facing rising production costs. The article concludes that the trade war is not just about tariffs but could reshape global trade dynamics, with the global economy at risk if the conflict continues. Read The Full Article: TECHi

Apr 10, 2025 - 09:14

Impacts of Tariffs from U.S-China Trade War, a Threat to the Global Economy

The article explores the U.S.-China trade war and its potential impacts on the global economy. Following the pandemic, tensions between the two largest economies escalated with the U.S. imposing high tariffs on Chinese goods, and China retaliating. This trade conflict threatens not only bilateral relations but global stability, as both countries are deeply intertwined in global trade.

The U.S.-China trade imbalance is significant, with the U.S. importing much more from China than it exports. While tariffs have reduced U.S. dependence on Chinese imports, China has rerouted goods through Southeast Asia to avoid these tariffs. Key industries, such as electronics and agriculture, are severely affected, with retaliatory tariffs driving up prices.

Beyond tariffs, both countries are also taking strategic actions, including technology and export restrictions, further disrupting global markets. Emerging markets are particularly vulnerable, and multinational companies are facing rising production costs.

The article concludes that the trade war is not just about tariffs but could reshape global trade dynamics, with the global economy at risk if the conflict continues.

Read The Full Article: TECHi