US-China Trade Tensions Escalate Further

Published on 4.6.25

  The escalating trade tensions between the US and China have sent shockwaves across global markets, with significant losses in stock markets worldwide. The Trump administration's tariffs on China (54%) have led to a 3.8% drop in the S&P 500. In an effort to address these concerns, Vietnam's Trade Minister Nguyen Manh Cam sought a meeting with US Trade Representative Robert Lighthizer. India, Israel, and Vietnam are also seeking fast-track trade deals with the US amid a looming deadline for tariffs imposed by President Donald Trump. The ongoing trade war between the US and China has been a major contributor to these tensions, with both countries imposing tariffs on each other since 2018. The US has increased its tariffs multiple times, including a 25% tariff on $200 billion worth of Chinese goods in 2019.

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