Global Trade Tensions Escalate Amid Tariff Disputes Between US, China, and Southeast Asia

Published on 4.24.25

  The current state of global trade is marked by increasing tensions and uncertainty in trade policies. The recent developments surrounding the World Bank and IMF Spring 2025 meetings have highlighted the complexities of tariffs and trade agreements. Pakistan's Finance Minister Aurangzeb is attending these meetings, amidst a backdrop of companies exploring alternative shipping routes due to erratic tariff policies under President Donald Trump. China has issued a warning that it will take strong countermeasures if any country pressures it to limit trade in exchange for tariff exemptions from the US. The US administration has been preparing to pressure nations seeking tariff reductions or exemptions, including imposing monetary sanctions. This move has prompted Chinese solar panel makers to accelerate their plans to set up overseas factories in Southeast Asia, where tariffs on imports are reaching steep levels. China's warning is not unfounded, as the US Department of Commerce has finalized tariffs of over 3,500% for products made in Cambodia and near 1,000% for some Chinese companies' factories in Thailand.

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