dw.com
US-China Trade War Escalates with Tariffs Exceeding 100 Percent
The US and China are locked in a trade war with tariffs exceeding 100 percent on some goods, escalating from a 2018 dispute and a 2020 agreement that didn't fully resolve tensions; the 2024 trade volume between the two countries was approximately $585 billion, with China holding a large trade surplus, and both sides are using non-tariff barriers.
- What role have non-tariff barriers played in the US-China trade conflict?
- This trade war is rooted in economic protectionism, with each country retaliating against the other's tariffs. The US-China trade volume in 2024 was approximately $585 billion, with a substantial Chinese trade surplus. Both sides are employing non-tariff barriers, such as export bans and antitrust investigations.
- What are the immediate economic consequences of the escalating US-China trade war?
- The US and China are engaged in a significant trade war, with tariffs exceeding 100 percent in some cases. This escalation follows years of tension, including a 2020 agreement that left many tariffs in place. The conflict is impacting global markets and creating uncertainty.
- What are the potential long-term global economic impacts of this trade war and what are the probabilities of de-escalation?
- The current situation presents a high risk of further escalation. While some countries may seek bilateral agreements with the US to reduce tariffs, a swift resolution with China seems unlikely due to the entrenched positions of both nations. The use of non-tariff barriers adds complexity and potential for further economic disruption.
Cognitive Concepts
Framing Bias
The narrative is framed as a conflict, emphasizing the escalating nature of the trade war and the lack of willingness from either side to compromise. Phrases like "real and serious trade war" and "unprecedented and potentially extremely destructive economic confrontation" set a tone of high stakes and impending disaster, potentially influencing reader perception.
Language Bias
While the language is largely factual, terms like "extremely destructive", "battle to the victorious end", and "economic confrontation" add to the adversarial framing. More neutral phrasing could be used, for example, replacing "economic confrontation" with "economic disagreement".
Bias by Omission
The article focuses heavily on the US-China trade war but omits discussion of other significant trade disputes or tensions that may exist globally. The potential impact on developing nations or smaller economies less directly involved is not explored. The article also does not delve into the long-term economic consequences of the trade war beyond immediate impacts on specific industries or stock markets.
False Dichotomy
The article presents a somewhat simplistic eitheor scenario: either countries engage in trade wars, escalating tariffs, or they negotiate agreements. It doesn't thoroughly explore alternative solutions like multilateral trade negotiations or the role of international organizations beyond mentioning the WTO and GATT.
Sustainable Development Goals
The ongoing trade war between the US and China negatively impacts global economic growth and stability, potentially leading to job losses and reduced economic opportunities in both countries and globally. Increased tariffs disrupt supply chains, decrease international trade, and harm businesses involved in US-China trade. The uncertainty caused by the trade war discourages investment and hinders economic expansion.