Today in Focus
Trump’s trade war: the view from China
Apr 17, 2025
Amy Hawkins, The Guardian's senior China correspondent, dives deep into the escalating U.S.-China trade war. She reveals the complex impact of tariffs on local businesses, particularly in Yiwu, highlighting traders' fears and adapting strategies. Hawkins reflects on her observations from returning to China post-pandemic, noting a shift in market dynamics. She discusses China's transition from low-value manufacturing to high-tech industries and the growing consumer nationalism amid changing global trade relationships.
30:58
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Quick takeaways
- The trade war has significantly increased consumer prices in the U.S., especially on everyday products, altering purchasing behavior.
- China's government capitalizes on nationalism to frame the trade war as an opportunity for self-reliance and economic transformation despite U.S. tariffs.
Deep dives
Impact of Trump's Trade War on Global Trade
The trade war initiated by Trump has drastically altered global trade dynamics, particularly affecting China's economy. With tariffs reaching as high as 145% on most imports from China, U.S. consumers face significant price increases on everyday products. Items like toys, clothing, and consumer electronics could see their prices double, causing a shift in purchasing behavior among consumers. Conversely, while U.S. exports to China have been impacted, many Chinese goods are still finding alternative routes to the U.S. via other countries to avoid tariffs.
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