#USChinaTensions

The U.S. and China are in a serious trade fight, with both countries raising tariffs (extra taxes on imports). The U.S. has increased tariffs on Chinese goods to 245%, adding extra costs for businesses and shoppers. China reacted by raising tariffs on American products to 125% and stopping the export of important materials like rare earth metals, which are needed for making airplanes and electronics. These actions are making global trade more expensive and causing uncertainty in the economy. Many businesses and investors are worried about rising costs and how this will affect jobs and prices in the future.