#TrumpTariffs

Recent Tariffs by Trump: A Step Towards Trade Balance Between America and China

Trump introduced new tariffs on China as part of his 'America First' vision, aiming to protect domestic industry and reduce the trade deficit with China, commonly known as the Trump Tariffs. This continues Trump's policy from his first presidential term, this time targeting broad economic and trade balance.

What's new about the recent tariffs?

They targeted strategic sectors such as:

• Electric vehicles and spare parts

• Lithium batteries

• Semiconductors

• Steel and aluminum

The goal is to limit Chinese dominance in these areas and enhance American domestic production.

Impact on relations between the two countries, and despite the tensions, the recent tariffs did not lead to escalation or a full-blown trade war as happened in 2018-2019. It is seen as an attempt to impose fairness in trade exchanges, as the United States has accused China for years of practices such as:

• Supporting state-owned enterprises with low prices

• Intellectual property theft

• Imposing restrictions on foreign companies operating in China.

China, for its part, opened the door for economic talks, wishing to maintain trade stability.

Did the tariffs achieve balance?

They contributed to:

• Curbing Chinese dumping of industries

• Encouraging American manufacturing

• Renegotiating supply chains

• Pressuring China to improve trade exchange terms.