Part 7/9:
As the world's top two economies, the US and China must consider the repercussions of this trade dispute, which has the potential to stifle global trade. With China's economic position markedly improved compared to past decades, it currently boasts a broader network of nations engaged in trade agreements.
Despite the escalating tariffs, the US remains a critical market for Chinese goods, accounting for roughly 15% of China’s exports. The potential for economic paralysis due to mutual tariff increases could severely impact global supply chains, highlighting why this standoff is not merely a bilateral issue but rather a global concern.