The Journal.
China Unleashes a Trade War Arsenal
Apr 10, 2025
Lingling Wei, a reporter for WSJ, sheds light on China's formidable trade tactics amidst rising tensions with the U.S. She discusses how China's response has evolved from initial negotiations to preparing for a long-term economic conflict. The conversation dives into the dramatic impact of tariffs, potential global market repercussions, and the challenges of diplomacy under the Trump administration. Wei highlights the complexities of both countries' strategies and suggests we might be in for a protracted standoff with no easy solutions.
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Quick takeaways
- The escalating U.S.-China trade war, featuring significant tariffs from both nations, reflects deeper economic tensions affecting global markets.
- China is strategically leveraging its supply chain dominance to counter U.S. tariffs, seeking to reshape international alliances and economic dynamics.
Deep dives
Escalation of Trade Tariffs
The U.S.-China trade war has intensified dramatically, with both nations imposing substantial tariffs on each other's goods. Initially, the U.S. introduced a 34 percent tariff in retaliation for China's trade practices, to which China responded with its own 34 percent tariff. This tit-for-tat escalated quickly, culminating in the U.S. imposing a staggering 125 percent tariff after China's retaliatory actions, while China's responses included 84 percent tariffs on all U.S. goods. This back-and-forth has created a scenario where both economies are feeling significant pressure, which could have broader implications for the global economy.
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