Post Reports China's plan to win Trump's trade war
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Apr 17, 2025 Lily Kuo, The Washington Post's China bureau chief, delves into the escalating trade war between the U.S. and China. She discusses how both nations resist backing down, leading to unprecedented tariffs that threaten global markets. Kuo explains China's ingenious strategies to weather the crisis, including economic stimulus and adapting their manufacturing sector. She also shares insights from an e-commerce expo in Shenzhen, where sellers remain determined despite mounting challenges. The conversation reveals the broader implications of this tense geopolitical battle.
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Tariffs Reach Historic Highs
- Tariffs between the U.S. and China have escalated to historical highs, reaching about 145% on Chinese goods and 125% on U.S. goods.
- The trade dispute has evolved from measured policy to a fierce economic confrontation, with both sides exchanging harsh rhetoric.
Trade War Origins and Escalation
- The trade war began with Trump's focus on China's trade surplus and issues like fentanyl flow.
- Despite initial deals, tensions escalated through multiple tariff rounds affecting diverse goods.
Trade's Massive Economic Impact
- China is the world's largest exporter, and U.S.-China trade once hit approximately $700 billion.
- Tariffs increase costs for U.S. consumers and hit China hard, as its economy relies heavily on exports to the U.S.