Reported about 8 hours ago
The US-China trade war has escalated significantly, with tariffs on Chinese goods soaring to 145% and 125% on US imports, following a series of aggressive policies initiated during Trump's presidency. The timeline reveals a pattern of escalating tariffs, starting with 10% in February 2025 and culminating in the current rates after a series of retaliatory measures from both nations. As new talks are set to occur in Switzerland, there are indications that tariff rates may be reconsidered, with discussions of potentially lowering them proposed by the Trump administration.
Source: YAHOO