- India,
- 09-Apr-2025 09:30 AM IST
Trump Tariff War: Trade tensions between China and the US have once again reached their peak. Just a day after US President Donald Trump's threat, the White House has announced a tariff of 104% on products imported from China. This new import duty will come into effect from April 9 and experts are considering it as the beginning of a new phase of the US-China trade war.Trump's warning and actionPresident Trump recently warned China on social media that if Beijing does not withdraw the 34% tariff imposed on the US, Washington will react strongly against its economic policies. Putting Trump's threat into practice, the White House has now decided to impose a total of 104% duty with an additional 50% tariff.Trump said in his statement, "Any country that shows trade aggression against the US will be subjected to more stringent taxes with immediate effect. This is a clear message that the US will no longer tolerate unfair and exploitative behavior in trade." Proposed negotiations postponed, search for new partnersThe Trump administration has also made it clear that the proposed trade talks between the US and China are being postponed indefinitely. With this, the US will now start the process of negotiations with those countries which had earlier expressed their desire for trade partnership.This move indicates a change in America's strategy - now Washington is looking to reduce its dependence on China and find new allies who believe in more transparent and balanced relations from a trade point of view.It will have a deep impact globallyExperts believe that this tariff war will not be limited to the US and China. This will affect global supply chains, especially in the field of technology, electronics and manufacturing. Many international companies, which are dependent on the markets of both countries, may suffer losses due to this instability.There has been no official response from China so far, but political analysts believe that Beijing may also retaliate soon. If this happens, this trade war could turn into a major economic crisis that would impact the entire world economy.