us & china: heading for a trade war?
by logan mullen
In March 22nd, President Trump announced tariffs on aluminum and other trade goods from China, unleashing the economic might of China and America against each other.
Trump’s proposed tariffs on aluminum, steel, wash- ing machines and a thousand other products at a rate of 25% shocked the business world.
These tariffs, which encompass a large part of the world trade market and trillions of dollars, could damage the backbone of international trade between the world’s biggest economies.
It may also raise tensions be- tween the US and China, who are still feuding in the South
China Sea over artificial islands and territorial waters.
China, not willing to just sit back and take it, quickly hit back with tariffs of their own, affecting everything from precious metals to whiskey.
What these tariffs mean for the average consumer is that prices for everyday products could start to increase, from electron- ics to cheap plastic goods.
The average consumer may not care for any of this, but when they pull back the tag or look at the bottom of the product, how many times out of ten is that product made in China?
The most noticeable increase in prices would be on electron- ics,
China is the main producer of all kinds of phones, computers, and laptops.
China is currently going to Eu- rope to gain support against US trade tariffs since all of Europe was hit with tariffs as well.
The US is worried about this because Europe might just side with China given the massive business ties with China among EU countries and companies. Some of which aren’t too happy that they’re businesses are going to be affected by tariffs obviously meant to harm Chinese businesses and not their own.
However, these tariffs have not yet been implemented by the US or China, and both sides are waiting for the other to back down.
So until one side backs down or implements tariffs, it will continue to be a tense situation between the two countries.
Trump’s proposed tariffs on aluminum, steel, wash- ing machines and a thousand other products at a rate of 25% shocked the business world.
These tariffs, which encompass a large part of the world trade market and trillions of dollars, could damage the backbone of international trade between the world’s biggest economies.
It may also raise tensions be- tween the US and China, who are still feuding in the South
China Sea over artificial islands and territorial waters.
China, not willing to just sit back and take it, quickly hit back with tariffs of their own, affecting everything from precious metals to whiskey.
What these tariffs mean for the average consumer is that prices for everyday products could start to increase, from electron- ics to cheap plastic goods.
The average consumer may not care for any of this, but when they pull back the tag or look at the bottom of the product, how many times out of ten is that product made in China?
The most noticeable increase in prices would be on electron- ics,
China is the main producer of all kinds of phones, computers, and laptops.
China is currently going to Eu- rope to gain support against US trade tariffs since all of Europe was hit with tariffs as well.
The US is worried about this because Europe might just side with China given the massive business ties with China among EU countries and companies. Some of which aren’t too happy that they’re businesses are going to be affected by tariffs obviously meant to harm Chinese businesses and not their own.
However, these tariffs have not yet been implemented by the US or China, and both sides are waiting for the other to back down.
So until one side backs down or implements tariffs, it will continue to be a tense situation between the two countries.