Can China use US debt in a tariff war against the US?

15 April, 2025, 06:25 pm

Last modified: 15 April, 2025, 06:29 pm

Can China use US debt in a tariff war against the US?

15 April, 2025, 06:25 pm

Last modified: 15 April, 2025, 06:29 pm

The United States and China are now facing a trade war since President Donald Trump came to power. The United States exported $143 billion in goods to China in 2024, and the US trade deficit with the country stood at $295 billion. To reduce this deficit, Donald Trump has increased retaliatory tariffs on China to an unprecedented 145 percent.

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