China Declares US Tariffs Tax on Americans Amid Trade War
China Declares US Tariffs Tax on Americans Amid Trade War

China Declares US Tariffs Tax on Americans Amid Trade War

News summary

The ongoing trade war between the U.S. and China has intensified following President Donald Trump's imposition of aggressive tariffs, which he claims are necessary to address unfair trade practices by China. Critics, including Democrats, argue that Trump's tariff policies are reckless and could lead to illegal market manipulation, while Trump counters that previous Democratic leaders, like Chuck Schumer and Nancy Pelosi, also supported high tariffs on China in the past. Meanwhile, China has shifted its strategy, targeting American consumers with messages that emphasize the domestic burden of these tariffs, suggesting they are essentially a tax on U.S. citizens rather than on foreign economies. Trump's administration has increased tariffs on Chinese goods up to 145%, prompting Beijing to retaliate with its own raised tariffs. This trade conflict risks disrupting significant bilateral trade, which was valued at over $650 billion in 2024, potentially making goods trade unviable between the two nations. As the situation evolves, both sides are engaging in a contentious exchange of rhetoric and tariffs, reflecting deepening economic tensions.

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Last Updated
2 days ago
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