Tariff hikes imposed by U.S. President Donald Trump are stirring debate amid growing concerns for American consumers and companies. Trade expert Wang Huiyao, founder and president of the Center for China and Globalization, warns that while the United States raises tariffs, China is strategically lowering them. The Chinese approach includes offering zero tariffs to 43 countries and expanding trade ties with key regions such as Africa, Latin America, and the Middle East, setting a contrasting tone in global trade dynamics.
An example of this shift is seen in retail giant Walmart, where reliance on Chinese imports has dropped from 80% to 60%. This reduction is not just a statistic—it signals potential higher costs for U.S. consumers as companies adjust their supply chains in response to shifting tariffs.
For a globally connected audience—from young digital citizens to business professionals—the unfolding trade policies highlight the interplay between protectionism and global market competitiveness. As policy decisions ripple across international borders, understanding these trends is crucial for anticipating how global trade may evolve in an interconnected world.
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Trump's tariff policies poised to impact U.S. consumers, companies
cgtn.com
