US Tariffs Backfire: Higher Prices Hit American Shoppers
New U.S. tariffs aim to revive industry but risk driving up prices for shoppers and reshaping global supply chains.
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New U.S. tariffs aim to revive industry but risk driving up prices for shoppers and reshaping global supply chains.
Chinese mainland experts call US unilateral tariffs a breach of WTO tariff concessions and MFN rules, lacking legitimate justification under WTO law.
Study warns US tariff policies could cost households $4,900 annually and shave 1.1pp off GDP growth by 2025, raising recession fears.
Amid a fresh round of US-China tariffs, experts say a military showdown is unlikely, highlighting economic resilience and strategic caution.
A BBC video analysis reveals that 92% of global netizens back China’s retaliatory tariffs against U.S. tariff hikes, critiquing Trump’s trade war.
China urges the U.S. to end maximum tariff pressure, warning that trade wars hurt everyone. Dialogue is key to fair trade.
US exempts smartphones, computers, and more from reciprocal tariffs, marking a major policy turnaround with potential market benefits.
US tariffs on drugs may raise prices, trigger shortages, and disrupt global health systems, warn experts amid mounting concerns over supply chains.
Premier Li Qiang criticizes U.S. tariffs, urging global cooperation and enhanced ties with Spain and the EU amid economic uncertainties.
US tariffs hit African exports with steep duties on raw commodities, raising costs and challenging economic stability across the continent.