US-China Trade Tensions Escalate Further with Trump's Economic Team Leading Negotiations

Published on 4.25.25

  The US has imposed 145% tariffs on Chinese goods, including those related to fentanyl, which China has retaliated against with 125% counter-tariffs. President Trump's economic team is leading the negotiations, with Treasury Secretary Scott Bessent expressing optimism about a de-escalation in trade tensions. However, despite this, President Trump has stated that tariffs on Chinese imports will not be completely eliminated, but rather reduced substantially, due to concerns over fentanyl smuggling. The ongoing trade war has frozen the largest trade partnership in the world, highlighting the need for a resolution to these tensions. The IMF has lowered its global growth forecasts due to the trade war, warning of a higher risk of recession in the US.

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