Tariff Tug-of-War: When Superpowers Pull in Opposite Directions

The U.S.–China trade war entered another round as Washington confirmed that nearly all Chinese exports now face a minimum tariff of 145%, with additional duties on key sectors such as automobiles, steel, and aluminum. In response, Beijing raised its tariffs on American goods from 84% to 125%, marking its third retaliatory move in just weeks.

What began as a dispute over “fair trade” has turned into a high-stakes tug-of-war, with neither side willing to let go. Trump insists on “America First,” while Xi warns that “no one wins a tariff war.” Meanwhile, businesses on both sides are cutting orders, global markets are on edge, and the rest of the world is left wondering whether this contest is about economic strategy or political theater.

Click here for related report.