US-China Trade War Escalates With 245% Tariff

The U.S. has slapped a historic 245% tariff on Chinese goods, triggering sharp backlash from Beijing. China accused Trump of "blackmail and coercion", while preparing countermeasures like export limits on key materials.

Trump doubled down, saying “the ball is in China’s court”, signaling no deal unless Beijing acts first.

*China Holds Steady Despite Pressure

Q1 data shows GDP up 5.4%, industrial output +6.5%, retail sales +4.6%—suggesting resilience despite trade tension.

*Insight

Analysts believe Trump may be using tariffs to inflate prices, pressure the Fed to cut rates, and stimulate markets ahead of the election.

But the move risks global instability, supply chain stress, and market volatility.

*Outlook

This is more than a trade spat—it’s a power struggle.

Markets should brace for heightened volatility and longer-term geopolitical risk.

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