The world’s two largest economies – the United States and China – are in war, are being used as a weapon from both sides with tariffs. While the US has increased the mutual tariff on all Chinese goods from 10 percent on April 1, today it has increased to 104 percent; China has retaliated by increasing tariffs on all US goods from 67 percent at 151 percent from April 3 today.
The rest of the world is still unresolved by the accident of the global stock markets – where trillions of dollars were eliminated within a few days, feeling the seriousness of the situation. The possibility of recession that arises from this tight-for-tat fight is moving towards becoming a reality.
‘No-Limits’ Poker Duality
While the two major economies collide with each other, the shock after the blow, the two leaders are in the middle of a staring competition – neither are ready to blink the eyelid. US President Donald Trump “Tariff Abuser” is firm to teach China a bitter lesson, and Chinese President Xi Jinping has said that he is ready to “fight for a lot of fresh”, which his country has described as American “Blackmail”.
As a mutual tariff trick by Trump, which started, seems to have turned into a no-lymph poker duel. While the US President raised tariffs on China on 2 April, it was called “Mukti Day”, Beijing infected by Washington’s move, over his old tariff, Trump.
The US President then sent an ultimatum to his Chinese counterpart and gave them 24 hours to “take” his move. Xi of China decided to stand on his land, expecting Trump’s call to call Trump’s ‘Bluff’. But Trump pushed the tariff forward after proceeding.
Xi Jinping, now committed to the high -day fight, ‘Match’ Donald Trump again matched in terms of reciprocity of anti -retaliation – resulting in China to exceed 104 percent, reached 151 percent, leaving President Trump to take his next step.
US 104% vs. China’s 151% – Tariff Mathematics so far
Both Trump and Xi, on their path of going to ‘All-in’, dragging the rest of the world in an uncertain economic future, here is a look here that how the tariffs are standing so far:
- Before April 2 – ‘Liberation Day’ – China imposed tariffs on US goods at 67 percent, while the US imposed 10 percent tariffs on goods from China. This, President Trump said, “loot” and “ripped-off” to the US economy for decades. He said that matching China is appropriate only for America. Therefore, “Liberation Day” came – to free American exporters of punitive duties by other countries, and help in “making America rich”. (So far China’s 67 percent vs. 10 percent of America)
- On 2 April – Donald Trump announced “mutual tariff” on all countries that tariff Americans. This includes China, which he described as “tariff abuser” for decades. Trump said that “As the word shows, today’s tariffs are just mutual – which means – we do with them, what they do to us.” But he said that the US would be “Kinder” by charging about half of the allegations of the rival nation. Therefore, for China, who charged 67 percent at that time, Trump announced a 34 percent increase in mutual tariffs. (Till now China stood at 67 percent vs. 10+34 of America, was equal to 44 percent),
- Later, on 2 April Shortly after Trump’s announcement, the White House said in a statement that America would charge a non-non-non-acquired 10 percent tariff to all countries of the world. The statement said that due to a “national emergency” that stems from security concerns due to frequent trade deficit, the US will now impose a “baseline” 10 percent tariff on all countries. (China’s tariff basket was now 44+10 = 54 percent. While China’s tariff levy in America was still 67 percent),
- On 4 April – forty -eight hours after America’s mutual tariff move, China retaliated. Beijing announced that Trump’s tricks would significantly affect Chinese exports, and, so, Xi Jinping decided to match Trump’s 34 percent increase, impressed the US President, who warned all countries not to retaliate, otherwise he would suffer further. (Tally of US Chinese Tariff now 67+34 = 101 percent vs. 54 percent on the tally of China’s Tally).
- 7 April and 8 April -Last went away, and till now the global markets lost several-trilian dollars in investor money as a result of the US-China trade war. But Trump and Xi remained precious. Donald Trump issued a 24-hour ultimatum to Xi Jinping to “withdraw” his retaliatory 34 percent tariff on all Chinese goods starting on 9 April, or “Additional 50 percent tariff”. President Xi vowed to “fight till the end” and stood on his land, so President Trump worshiped 24 hours later. (US tariffs on China were now 54+50 = 104 percent, while China’s tariffs were 101 percent),
- 9 April, 2025 – To not give in American “Blackmail”, Beijing decided to retaliate more by re -matching Trump by Trump’s “additional 50 percent” step. This increased China’s anti -counter tariff from 34 percent to 84 percent. (So, so far, the US tariffs on China are standing at 104 percent, and the Chinese tariffs on the US are standing on ‘101 +50’ or ’67 +84 ‘ – either making it 151 percent),
The trade war between the United States and China has increased in less than a week and shows no signs of dying. Economists have warned of a possible recession in making, as the stock market, oil prices, trade, supply chains and logistics have taken a large -scale hit.
