#TariffsPause US-China tensions are escalating, driven by disagreements over trade, technology, and security. Here's a breakdown of the current situation ¹:

- *Trade War*: The US has imposed tariffs on Chinese goods, citing unfair trade practices and intellectual property theft. China has retaliated with tariffs on US exports, affecting industries like agriculture and technology.

- *Technological Competition*: The US has restricted China's access to advanced AI chips and chipmaking tools, citing national security concerns. China has responded by banning exports of key components used in semiconductor manufacturing.

- *Security Concerns*: The US has accused China of cyber intrusions and forced technology transfers, while China sees US actions as an attempt to stifle its growth.

*Key Events:*

- *Tariffs*: The US has imposed up to 145% tariffs on Chinese goods, while China has imposed up to 125% tariffs on US exports.

- *Export Controls*: The US has expanded sanctions on Chinese companies, including telecom equipment maker Huawei and drone maker DJI.

- *Retaliation*: China has imposed sanctions on US officials, including former Secretary of State Mike Pompeo.

*Impact:*

- *Economic Consequences*: The trade war has caused uncertainty, affecting consumer sentiment and small business confidence.

- *Global Implications*: The conflict risks causing a global recession, with potential consequences for international trade and stability.

*Current Status:*

As of April 2025, the US and China are engaged in an ongoing trade dispute, with both sides imposing tariffs and restrictions. The situation remains fluid, with potential for further escalation.