Part 4/9:
Since the commencement of heightened tariffs under Trump’s second term in 2025, the US saw a rapid escalation; initial blanket tariffs quickly snowballed into significantly higher rates. Starting with a 10% tariff in February, tariffs increased to 54% by April due to reciprocal actions from China.
China's retaliations included a blend of tariffs and restrictions impacting US companies, complicating the trade landscape even further. By late April, the US had imposed additional punitive measures, and China mirrored these actions, solidifying a cycle of escalating tariffs that ultimately raises concerns about global economic repercussions.