$ETH Impact**

- **On the United States**:

- **Rising Consumer Costs**: U.S. think tanks estimate that annual household spending will increase by about $1,300.

- **Pressure on Businesses**: Companies reliant on Chinese supply chains face rising costs, with some industries (such as agriculture) suffering from China's retaliatory tariffs.

- **On China**:

- **Export Resilience**: Exports to the U.S. continue to grow, but some low value-added industries are shifting to Southeast Asia.

- **Accelerated Industrial Upgrade**: Domestic substitution is advancing in high-tech fields (such as semiconductors).

- **Global Supply Chain**: Intensifies the trend of 'de-risking', with Southeast Asia and Mexico becoming alternative production capacity hubs.