As of April 11, 2025, tariffs on industrial and manufacturing products between China and the United States have further intensified. The two countries have announced new tariffs on each other, causing tension in the international economy.
US actions:
Additional
tariffs on Chinese goods: The United States has announced tariffs ranging from
25% to 100% on industrial and manufacturing products imported from China, such
as electric vehicles, lithium-ion batteries, solar panels, cranes, syringes and
needles. Security reasons: The White House said that these tariffs were
implemented to counter China's practices that threaten the economic security of
the United States.
China's retaliation:
Tariffs
on American goods: China has announced tariffs ranging from 10% to 15% on
imports of coal, liquefied natural gas, agricultural equipment, and crude oil
from the United States. Rare Metals and Technology Restrictions: China has also
imposed restrictions on the export of rare metals to the US. It has also ordered
an investigation into the activities of Google in the US.
Global Implications:
Opportunity
for India: This trade war has created new opportunities for Indian exporters.
Experts have opined that the trade barriers between the US and China will
provide greater opportunities for Indian products in the US market.
Conclusion: The
tariffs on industrial and manufactured goods between China and the US reflect
the economic and political positions of the two countries. There is no doubt
that this trade war will cause major changes in the global economy.
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