The recent imposition of tariffs by the US on China has sparked significant tensions in international relations. The move is part of President Donald Trump's ongoing trade war strategy, aimed at countries that he believes are not playing by the rules.
In a bold move, the US Treasury Secretary Scott Bessent has singled out China as one of the "bad actors" contributing to imbalances in the global economy. This comes amid ongoing trade negotiations between the two nations, with China imposing 34% tariffs on all US imports and the Trump administration demanding that China withdraw these measures or face additional tariffs.
The situation is further complicated by China's Ministry of Education issuing an alert to students studying in certain US states due to restrictions imposed by a new bill passed by the Ohio House of Representatives. The bill restricts partnerships between American and Chinese universities, reduces support for diversity and inclusion initiatives, and limits foreign influence in academic settings.
The two nations aim to negotiate a Bilateral Trade Agreement (BTA) by fall 2025, which is expected to have significant market implications and affect various trading partners worldwide.