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US-China trade spiral worsens as Trump calls 90-day truce with others

Retaliatory hikes lock superpowers into stalemate

Nathan Richardson
Trump said on Truth Social China showed a “lack of respect” and announced the tariff on Chinese imports to the US would be lifted from 104% to 125%, “effectively immediately”.

Trump said on Truth Social China showed a “lack of respect” and announced the tariff on Chinese imports to the US would be lifted from 104% to 125%, “effectively immediately”. | Credits: Shutterstock.

It's another day with another seismic shift in the global trade landscape. US-China tensions continue to escalate at a dangerous pace—threatening to lock Washington and Beijing into a cycle of retaliatory...

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