Relations between the world's two leading economic powers, the United States and China, are once again at the heart of trade tensions. Barely elected, Donald Trump is reinforcing his intentions to pursue an uncompromising protectionist policy, and is seeking to impose record customs duties on Chinese imports. An approach reminiscent of his first term, when heavy customs sanctions set a precedent in the Sino-American trade war. But this time, in a post-pandemic context where the global economy is still fragile, the repercussions could prove more significant. While Beijing advocates dialogue, the world is preparing for a new phase of trade confrontation with potentially global effects.
The article Economy: Barely re-elected, Trump promises unprecedented customs tariffs against Beijing appeared first on Cointribune.