In April 2023, Sino-American relations deteriorated due to the unilateral increase in tariffs on Chinese goods by the United States.

Moreover, some Chinese exports face tariffs as high as approximately 200%.

For example, before the tariffs were increased: the retail price of a Chinese product exported to the United States was $1, but due to the approximately 200% tariff, the price of that product increased to between $2 and $3.

In the short term, Chinese exports are harmed, but in the long term, the impact of U.S. tariff policy is limited, as the global market is not just the U.S. market, but also includes the European market.