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Chinese experts and economists speculate that the existing pressures on its economy, amplified by these tariffs, could lead to severe repercussions. Declining exports could trigger comprehensive job losses, with estimates suggesting that approximately 36 million individuals may be impacted. The ramifications would extend beyond mere economics, disrupting social stability within China.
Global Trade Dependencies
Different nations and regions currently view their economic relationships with both the United States and China through the lens of trade balances. For example, while the EU runs a substantial trade deficit with China, it maintains a surplus with the United States. This dynamic illustrates the complexity of international trade relations and how entwined these economies are.