First published: The Guardian 14 May 2025
Sky-high tariffs that now hang heavily over US-China trade mean, effectively, that they have declared a trade embargo on each other, normally an act of war. The economic consequences for both will hurt.
The US’s $150bn (£113bn) or so of exports to China will fall away quickly, while China’s $440bn worth of exports to the US may drop by up to 75% over the next 18 months, unless some sort of negotiation happens. No one will be spared the effects. Read on….https://www.theguardian.com/business/2025/apr/14/sky-high-us-china-tariffs-are-a-mutual-trade-embargo-that-will-hurt-both-sides
