U.S.-China Trade War: Who Will Blink First, Trump or Xi?
The ongoing U.S.-China trade war continues to escalate, with both nations showing no signs of backing down. The trade surplus between China and the U.S. has reached unprecedented levels, fueling tensions and prompting aggressive tariff impositions from the Trump administration. Analysts are closely watching to see if President Trump or President Xi will be the first to make concessions.
Recent reports indicate that the U.S. has imposed new tariffs on a range of Chinese goods, aiming to reduce the trade deficit. In response, China has retaliated with its own set of tariffs, affecting American exports. This tit-for-tat strategy has led to increased costs for consumers and businesses on both sides of the Pacific.
Experts are divided on the potential outcomes. Some believe that Trump's hardline stance could force China to the negotiating table, while others argue that Xi's government is prepared for a prolonged standoff. The economic implications are significant, with potential impacts on global markets and supply chains.
As the trade war persists, the world watches anxiously, hoping for a resolution that can stabilize international trade relations and mitigate the economic fallout.
Related issues news
What are China's tariffs on US goods?
On April 9, 2025, the U.S. imposed a 125% tariff on Chinese goods, while China imposed a 84% tariff on American goods.
What is the trade deficit with China?
The trade in goods between the two economic powers added up to around $585bn (£429bn) last year. Though the US imported far more from China ($440bn) than China imported from America ($145bn). That left the US running a trade deficit with China - the difference between what it imports and exports - of $295bn in 2024.
What percent of the US trade is with China?
China is the US's third-largest export destination and second-largest source of imports. In 2024, US exports to China and imports from China accounted for 7.0 percent and 13.8 percent of the US total exports and imports for the year respectively.
What is the trade balance between the US and China?
In 2024, the U.S. imported $462.5 billion in goods and services from China and exported $199.2 billion, resulting in a $263.3 billion trade deficit.
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