#TariffsPause

As of April 2025, U.S.-China trade tensions have intensified under President Donald Trump's administration. The U.S. has raised tariffs on Chinese imports to 145%, prompting China to retaliate with 125% tariffs on American goods and restrictions on critical exports like rare earth elements. President Trump insists that China must offer "substantial" concessions, such as opening its markets to U.S. businesses, before any tariff reductions are considered. In response, China is implementing domestic economic stimulus measures and has signaled potential tariff exemptions on certain U.S. products. These escalating tariffs have disrupted global markets, leading to increased costs for businesses and consumers, and contributing to economic uncertainty worldwide.