Tariffs and Tensions: How China’s Counterpunch Against U.S. Tariffs Could Shift Global Trade - Ottawa Life Magazine

Tariffs and Tensions: How China’s Counterpunch Against U.S. Tariffs Could Shift Global Trade - Ottawa Life Magazine

by Xiao He, Senior Research Fellow, Institute of World Economics and Politics, Chinese Academy of Social Sciences On April 2, the Trump administration unexpectedly pressed what many are calling the “tariff nuclear button.” Not only did the United States impose a blanket 10 percent tariff on all imports, it also singled out roughly 60 economies for significantly higher “reciprocal tariffs.” China and the European Union—long in Washington’s crossh…