China has hit back at U.S. President Donald Trump’s tariffs on Chinese products by imposing counter tariffs on select U.S. imports. This latest move comes as Trump plans to engage in talks with Chinese President Xi Jinping in the near future. This retaliatory action is not new for the two countries, as they previously engaged in a trade war in 2018 with similar back-and-forth tariff increases.
The impact of these tariffs is being felt by residents in Shanghai, with some expressing concerns over the negative effects on both countries. Shanghai resident Lee mentioned that both sides will suffer from the tariffs, as U.S. products may sell less abroad due to the imposed tariffs. Another resident, Lu, highlighted the broader economic issues at play, pointing to the significant foreign debt held by the United States as a potential factor in the ongoing trade disputes.
The ongoing trade tensions between China and the U.S. continue to raise concerns about the long-term impact on global trade and economic stability. As both countries navigate these challenges, the potential outcomes remain uncertain. For more information on this ongoing trade dispute, please visit the provided link.
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Video “China hits back at Trump with counter tariffs on select US imports” was uploaded on 02/04/2025 to Youtube Channel Global News