In a stunning reversal, President Donald Trump has signaled a dramatic shift in his stance on tariffs, particularly regarding China. After escalating the trade conflict with China to unprecedented levels, Trump’s latest comments suggest a potential de-escalation. The announcement follows a series of tariff increases over the past several months, culminating in a 145% tariff on most Chinese goods, and raises the question: could the tariff war be easing?
The Road to 145% Tariffs: Trump’s Aggressive Strategy
The tariff war between the United States and China escalated dramatically after Trump’s inauguration for his second term in office. On April 2, Trump declared “Liberation Day” for America, signaling the start of a new chapter in U.S. trade policy. His administration introduced a slew of tariffs against foreign nations, with China being the most affected.
