Trump’s Tariff War Crushes China’s Economy, Exposing 1.4 Billion Chinese Have No Spending Power

Trump’s Tariff War Crushes China’s Economy, Exposing 1.4 Billion Chinese Have No Spending Power

The U.S. has imposed tariffs of up to 245% on Chinese imports, while China has levied a 125% tariff on U.S. goods. As a result, China’s direct exports to the U.S. have nearly ceased. Many Chinese foreign trade companies, particularly those reliant on U.S. markets, face vanishing orders, factory shutdowns, and financial hardship, with widespread economic distress.
Credit to : China Observer