Trade tensions between the US and China have escalated, introducing fresh uncertainty into global trade. Despite strong earnings from US tech titans like Nvidia, analysts are warning that a recent tariff increase has disrupted investments and supply chains. Companies like CARU Containers, which operates globally, are concerned about the impact of this latest development.
The escalation of tensions is also threatening growth in both countries and globally, with experts closely monitoring the economic implications. Trade negotiations with China are ongoing but progress is slow. Analysts warn that soft data may turn into hard data, leading to an economic downturn. New research from Liberty Street Economics found that businesses passed on tariff costs to consumers.
The US government's latest economic analyses suggest slowing growth and rising consumer prices due to the trade war with foreign countries. The revival of most of President Trump's tariffs on imported goods by a US federal appeals court has created uncertainty over trade policy, potentially disrupting global supply chains.