Analysis: How Trump’s New Tariff Hikes Will Affect Sino-U.S. Trade
Experts warn constantly shifting U.S. trade policies have dire implications for global trade
Donald Trump, the U.S. president, has escalated trade tensions with China, imposing an additional 10% tariff on Chinese imports at the end of February — just weeks after announcing a broad 10% tariff increase on February 1.
The move has sparked concerns over its potential impact on China’s exports to the United States and the broader implications for global trade.
On February 27, Trump unexpectedly announced a 25% tariff on Canadian and Mexican imports, effective from March 4, alongside an additional 10% duty on Chinese goods. This contradicted his remarks at a cabinet meeting the previous day, when he said the extra duties would not take effect until April 2.
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