After President Trump’s latest tariffs succeeded in effecting their own broad tariffs on food imported from the United States, the Chinese government has imposed tariffs on 15 specific American companies, including Skydio, the largest U.S. maker of drones. The Chinese government has introduced a strategy to ” reply,” which is expected to make it challenging for other companies to import from the U.S. Similarly, it blocked thrilled, one of the U.S. biotech firm Illumina, for imports. However, the Chinese government is yet to impose tariffs on imported food from China after its January tesclerosis, due to its influence over Chinese pricing and demand. China, being the top overseas market for U.S. agricultural products, has responded by imposing tariffs of 15% on American soybeans and corn, and 10% on wheat and corn, according to the ministry of finance.
President Trump has doubled down on enforcing its tariffs, escalating them to 25% for some products and 20% for others. China implemented an antimonopoly investigation against Google in response, though this move is expected to interfere with the Chinese-US trade relationship. China has also established a “black listing” of American companies affected by tariffs, preventing them from doing business. Furthermore, the Chinese government is proactivelywith the European Union, a move that otherwise faces criticism from China’s experts.
In 2023, I Moves, in early February, launched an investigation into Google’s antitrust violation following Trump’s tariffs, while at the same time advancing its global industrial investments. The U.S., feeling uneasy about how to respond, implemented significant net trade deficit ahead of the trading year, just as China has |> ramped up exports.
In his second term, Trump imposed tariffs of 20% on all U.S. imports from China, dwarfing the previous 25% tariffs. This has raised average tariffs on Chinese imports to 39%, a 38% increase, reflecting China’s growing influence on global trade dynamics.
