As of April 2025, tensions between the U.S. and China have intensified due to escalating trade disputes. President Trump announced a 10% baseline tariff on all Chinese imports, citing unfair trade practices. In response, China imposed retaliatory tariffs on U.S. goods and added American companies to its Unreliable Entity List. Despite these measures, Treasury Secretary Scott Bessent expressed optimism about de-escalating the trade conflict, labeling the current tariff situation as "unsustainable." Markets reacted positively to hints of potential negotiations, with the S&P 500 rising nearly 2%. However, the International Monetary Fund warned that ongoing tariffs could severely impact the global economy.
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