It seems that China and the United States (US) are no longer able to fight politely this time, after both are preparing to pull out their trade war 'pistols'.
US President Donald Trump has threatened to raise tariffs by another 50% on Chinese goods, which would push the total tariff rate on China above 100%, if Beijing does not withdraw its 34% tariff by April 8, 2025.
In a press conference with Israeli Prime Minister Netanyahu, Trump vowed to end what he called years of unfair trade practices, warning that the US would no longer be "cheated" by foreign countries.
Despite growing concerns from economists and industry leaders, who warn that the tariffs could trigger a global recession, Trump has remained firm, claiming that the move is necessary to address the US's $36 trillion debt.
The trade conflict has rocked global markets, with experts like Bill Ackman warning of a “home-made economic disaster” if Trump fails to reassess his stance.
But as usual, Trump is adamant!
Trump has insisted that this strategy will bring manufacturing back to the US and boost domestic energy production, putting the world on the brink of a rift that will have a major impact on global trade and investment.
