Who blinks first? Trump raises China tariff to 125%
“It’s all the president’s decision,” said his Treasury Secretary. World trade again hangs on the whims of one man, argue François Picard’s panel after Donald Trump reverses course with a 90-day moratorium on most reciprocal tariffs, but increases import duties on China to 125-percent.
Will it be enough to ease markets in the long run? After all, 10% universal tariffs on the rest of the world still apply. Who between China and the United States has the stamina to win this fight between the world’s top manufacturer and its number one customer?
