As of April 21, 2025, tensions between the United States and China have escalated significantly, encompassing trade, military, and geopolitical domains. Here's an overview of the current situation:
Trade and Economic Developments
Tariff Escalation: The U.S. has increased tariffs on Chinese goods from 54% to 145%, prompting China to retaliate with 125% duties on U.S. imports.
Boeing Aircraft Return:
Yuan Internationalization:
Military and Strategic Tensions
Balikatan Exercises:
Rare Earth Export Controls:
Diplomatic Stances and Global Implications
China's Warning to Allies:
Call for Dialogue: