Escalating Trade Tensions

The ongoing trade war between the United States and China has intensified, characterized by both countries imposing higher tariffs on each other's exports. The U.S. initially applied a 10% tariff, which has now increased to a total of 20%. This escalation has raised concerns in China regarding the potential economic impact, particularly as youth unemployment and a demographic crisis are already troubling the country. The tense situation suggests that Beijing is feeling pressure, prompting stronger and more assertive statements from its government about readiness to confront the U.S.