Tariffs and Economic Turmoil

This chapter explores the economic consequences of U.S. tariffs on China, revealing the strain these measures have placed on the Chinese economy, including declining industrial output and rising unemployment. It discusses ongoing trade negotiations, shifting tariff rates, and the broader geopolitical implications of U.S.-China trade dynamics. Additionally, the chapter highlights the struggles within China's labor market and real estate sector, as well as the shifting landscape of global oil trade amid increasing tensions.

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