Seeing the news that China and the U.S. are about to escalate tariffs again, it feels like both sides are quite tough. The U.S. plans to increase tariffs in August, and China has directly stated that it will firmly retaliate, even specifically naming countries like Vietnam that have signed agreements with the U.S. to avoid the Chinese supply chain. Currently, the average tariffs on both sides are already very high, with the U.S. averaging 51.1% on Chinese goods, and China 32.6% on American goods, effectively covering the trade with taxes. An article in the People's Daily signed by 'Zhong Sheng' gives a strong characterization, directly accusing the U.S. of bullying and warning not to sacrifice China's interests for trade. Reuters analysis suggests that if this continues, the trade war may heat up again, and the global supply chain will continue to be disrupted. In plain terms, it's about escalating measures against each other, with neither side wanting to back down, and in the end, both enterprises and consumers on both sides may end up paying the price. $BTC
