Latest Updates As of April 14, 2025, the trade war between the United States and China has intensified again. The two countries have announced new tariffs on each other, causing tension in the international economy.
Current status:
The United States: Has
imposed an additional 10% tax on goods imported from China. Through this, steps
have been taken to protect American domestic manufacturers.
China: Has retaliated by imposing a 15%
tax on key goods imported from the United States such as chicken, wheat, corn
and cotton. This tax has been in effect since March 10, 2025.
Similarities and differences
in taxes
Similarities:
Both countries are raising taxes to
protect their domestic producers. They are trying to establish their dominance
in international trade.
Differences:
The United States: Imposing taxes citing
illegal immigration and drug trafficking.
China: Retaliating by claiming that the United States'
tariffs violate international trade rules..
Global impacts:
This trade war has
had major impacts on the global economy. Most notably, the price of gold has
reached an all-time high. On February 5, 2025, the price of an ounce of gold
reached a peak of US$2,848.69.
Conclusion
The trade war between
the United States and China reveals the similarities and differences in the
economic policies of the two countries. This situation has become a lesson for
countries around the world – an opportunity to review their tax policies and
international relations.
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