Since the 2016 election, the US-China trade relationship has been a significant issue. Donald Trump’s stance on trade with China was very clear during his campaign for presidency, and he advocated for a more aggressive approach to trade with China. This resulted in the US-China trade war being a major topic of discussion during his time in office. Even after Biden took office, his administration continued Trump’s tariff regime and implemented even tighter restrictions targeting China’s use of technology, particularly semiconductors.

Now that Trump is looking to win the Republican presidential nomination again, he is proposing even higher tariffs, potentially as high as 60 percent, on Chinese goods. The potential impact of these tariffs on the US economy and global trade is being explored in an episode of the Bloomberg Podcast featuring Tom Orlick and Mackenzie Hawkins. In this podcast, they provide a detailed analysis of the implications of the proposed tariffs on the US economy and global trade.

Key insights from this podcast include discussions on the economic role of tariffs, their impact under both the Trump and Biden administrations, and their potential impact on clean energy, electric vehicles, and global economic cooperation if increases are made. It is crucial for policymakers to engage in comprehensive analyses and discussions on these topics to inform trade policy and broader economic strategies as we continue to navigate this evolving relationship between two superpowers.

By Editor

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