US-China Trade Tensions Escalate Globally Amid Record $6.6 Trillion Loss

Published on 4.5.25

  The recent imposition of tariffs by US President Donald Trump has sent shockwaves through the global economy, causing widespread economic instability and supply chain disruptions worldwide. The tariffs have led to a record $6.6 trillion loss in shareholder value over two days, with the S&P 500 already down over 16% from its peak. China has retaliated with additional duties of 34% on all US goods, in addition to existing tariffs on $21 billion worth of agricultural trade with the US. This move is part of Beijing's shift towards alternative suppliers, including Brazil, which began during Trump's first term as US President. Federal Reserve Chair Jerome Powell warned that Trump's new tariffs will lead to larger-than-expected economic fallout, including higher inflation and slower growth. China's response has fueled concerns about a global trade war, with investors fleeing stocks in anticipation of further instability. The recent tariffs have also led to a downward spiral in the stock market, with many analysts remaining skeptical about their effectiveness. The US stock market has lost $11.1 trillion in value since Trump's inauguration, and the imposition of these tariffs is likely to exacerbate this trend.

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