US-China Trade War Escalates with Global Economic Impact

China's economy is confronting significant challenges including deflationary pressures fueled by weak domestic consumption, a deepening real estate crisis, and excessive production capacity across sectors like steel, electric vehicles, and solar panels. Despite Beijing's efforts to stimulate consumption and pivot towards technology and renewable energy, the Chinese property market continues to contract, dampening consumer sentiment and investment. Meanwhile, the U.S.-China trade conflict persists as a multidimensional geopolitical struggle with tariffs exceeding 100% on Chinese goods and heavy retaliatory tariffs from China, impacting global markets and economic growth projections. Prominent voices such as Kevin O’Leary advocate for aggressive U.S. tariffs to exert economic pressure on China, highlighting ongoing tensions under President Donald Trump's administration. In Latin America, China's influence is expanding, outpacing U.S. trade ties in many countries and challenging American dominance in the region amid diplomatic clashes and shifting alliances. This complex interplay of economic, political, and strategic factors underscores the evolving and fraught nature of China-U.S. relations and their global repercussions.