China-US trade has been affected due to taxes. china has said that we are thinking about the things needed to return this trade to normal. international political commentators say that this has raised hopes that the trade war between the two countries will end and that global trade will return to normal in the coming days. Chinese products dominate the world. China's trade is growing to the point of eating up America itself. Due to this, US President trump, who was tense, implemented the 'America First' policy. He believed that through this he could surpass China. For this, taxes were imposed on other countries.
He imposed a maximum tax of 245% on China. Even when the taxes imposed on other countries were temporarily suspended, the tax on china was not suspended. The tariffs on china have had a major impact internationally. Global economic growth has slowed down. So when will this tariff war end? Many countries, including India, were waiting in anticipation. It is in this context that positive news about the tariff war has been released. That is, the Chinese Ministry of Commerce said, "The united states has recently been trying to talk to us in many ways about trade between the two countries. We are evaluating this." china has suffered severely due to the US tariffs. Production has been affected as exports have fallen. American corporations like Walmart and Target are contacting China. However, the remaining companies have started expanding their stores in Europe. Chinese goods going to the US have decreased by approximately 70-80% until this April. In this situation, China's openness regarding bilateral trade has attracted attention. trump had already spoken about trade with China. That is, he had said, "I am talking to China. There is an idea to reduce the tax." In response, china said, "The united states should first correct its mistakes. It should remove the tax that is not at all in line with reality. Only then will we talk."

No matter how china has imposed sanctions, the country has not been able to prevent the economic damage relatively. That is, it is noteworthy that the US dollar is getting very strong.
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Sowmiya Sriram

02/05/2025 03:25 PM