Author: Erin Hale
Published on: 29/04/2025 | 00:00:00
AI Summary:
US tariffs on most Chinese goods have risen to 145 percent, with the rate rising to 245 percent on some items. China has imposed tariffs of 125 percent on most US goods in response. Trump has taken Washington’s confrontation with Beijing to greater heights still. China, the US’s third-largest trade partner after Mexico and Canada, is among the worst exploiters. Trump launched his first trade war with China in 2018. Over the next two years, his administration imposed tariffs on $300bn of Chinese goods, most of which remain in place five years on. Project 2025 gave Moon a detailed playbook that included reciprocal tariffs. Most of Trump’s original tariffs were kept in place and even expanded on by former US President Joe Biden. Trump is motivated by a different set of values, Wilder said. Chinese officials insist any such talks have yet to begin. Ray Wang said Trump’s strategy of maximising pressure on China could backfire. China is unlikely to engage in meaningful negotiations, Wang said. Drew Thompson, a senior fellow at the S Rajaratnam School of International Studies in Singapore, said Trump’s end goal is to rewrite the longstanding “Washington consensus” supporting free trade and market liberalisation to one shaped in his image. Thompson said Trump is changing the nature of its economic and security partnerships and basically its relationship with the entire world.
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Summary: 225 words
Percent reduction: 79.26%
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