U.S. vs. China: The Second Phase of the Tariff War Begins
The U.S.-China tariff war has escalated into a critical second phase, testing the economic resilience of both nations. Beijing’s strategy unfolds in three deliberate moves: retaliatory measures, domestic stimulus, and calculated negotiation—a far cry from hurried diplomacy.
Chinese exports to the U.S. hit $525 billion in 2024 despite rising trade barriers, forcing exporters to either absorb higher costs or pivot to alternative markets. The Chinese government is deploying targeted support for SMEs and capital market interventions to cushion the blow.