Part 2/8:
Recently, the United States has significantly increased tariffs on Chinese goods, summing up to a staggering 54% when combined with previous estimates. This increase is projected to escalate even further, reaching 90-100% in the coming months as the US eliminates exemption policies and plans additional tariffs related to energy imports from countries like Venezuela.
The implication here is not merely a financial burden on Chinese exporters but an existential threat to an economy already facing the stress of declining exports. For context, in 2024, China recorded a goods trade surplus of nearly $1 trillion, with approximately 36% of that surplus coming from exports to the United States. This underscores the critical nature of the American market to China’s economic stability.