Overview

• China's Commerce Ministry has declared it will take reciprocal countermeasures against any nation striking trade deals with the U.S. that harm China's economic interests.
• The Trump administration has imposed a 145% tariff on Chinese imports while pausing tariff hikes for other nations for 90 days, prompting Beijing to retaliate with a 125% tariff on U.S. goods.
• Reports indicate the U.S. is pressuring nations to limit trade with China in exchange for tariff exemptions, a move Beijing has condemned as 'economic bullying.'
• China is strengthening ties with Southeast Asia and Europe, while U.S. allies like Japan, South Korea, and Taiwan are negotiating tariff relief with Washington.
• The escalating trade war has heightened fears of a global economic slowdown, with markets experiencing significant volatility and supply chains shifting away from China.