After the USA and the EU, the imposition of tariffs on Chinese products is being considered by countries from Lat. America to Asia
Given that the trade war, both the Sino-American and the seemingly milder one between Washington and Brussels, was initially initiated by former, and currently re-candidate, US President Donald Trump, the upcoming US election has given rise to related speculation.
In scenarios about whether a repeat of the trade war is imminent if Donald Trump is re-elected, and in others, whether there will be something similar if Kamala Harris is elected.
Beijing is boldly subsidizing its industries and thus exporting its products at prices that are devastatingly low for the domestic industries of Western countries.
The trade war actually began in 2018, when Donald Trump imposed 25% tariffs on $350 billion worth of Chinese goods, about 65% of all Chinese goods imported by the superpower at the time, prompting, of course, retaliation from China.
In essence, however, the trade war has never stopped but is in full swing, as the outgoing president of the superpower not only kept in place the tariffs and in general the trade policy of his predecessor, but partially strengthened it . In May, he announced that he was raising tariffs to 100% on imports of Chinese electric vehicles which, along with Chinese solar, are perhaps the biggest threats to Western industries.
Source: www.kathimerini.com.cy
