In 2025, President Donald Trump escalated the US-China trade war by imposing massive 34% tariffs on Chinese imports, prompting retaliatory measures from Beijing, including a blanket 34% tariff and restrictions on rare earth minerals crucial for high-tech industries. The tariffs have led to widespread economic repercussions, with US agricultural sectors facing bankruptcies, American tech companies experiencing supply chain disruptions, and consumer prices for goods increasing by 15 to 20%. China’s economy is also suffering, with GDP declining by 2.4% and trade barriers exacerbating existing economic challenges, including slowing growth and structural weaknesses.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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