#USChinaTensions Just two months into his second administration, President Trump reescalates the trade war he began with China during his first term. After a series of tariff exchanges, Trump announces in April the most sweeping tariff hike on all U.S. trade partners since the 1930 Smoot-Hawley Tariff Act, a law known for exacerbating the Great Depression. After global markets take a plunge, Trump issues a ninety-day pause on all countries except China, which triggers another cascade of tariff retaliations from both countries. As of April 11, U.S. tariffs on all Chinese goods stand at 145 percent while Chinese tariffs on all U.S. goods are 125 percent, in addition to a 15 percent tariff on U.S. energy, a 10 percent tariff on crude oil and agricultural machinery, and a 10–15 percent tariff on U.S. agricultural products.