Trade War 2.0: Tariffs Spark Global Economic Jitters 
The U.S. and China are back at it – slapping fresh tariffs like it’s a high-stakes game of economic ping-pong . Washington just announced a 10% tariff on Chinese imports, citing concerns about fentanyl (yes, that synthetic opioid) and other sticking points. Beijing fired back faster than a TikTok trend, filing a WTO case and rolling out its own tariffs targeting American energy and auto sectors.
What’s Getting Taxed? 
U.S. tariffs: 10% across Chinese imports
China’s response: 15% on U.S. coal/LNG, 10% on crude oil
and pickup trucks
China’s Commerce Ministry slammed the U.S. moves as \"WTO rule-breaking protectionism,\" while American businesses brace for impact – especially in states producing targeted goods.
The Numbers Don’t Lie 
Despite trade tensions, China exported $524.7 billion worth of goods to the U.S. in 2024. Top categories like electrical machinery and textiles
now face major disruption risks. Think fewer affordable gadgets and potential supply chain headaches for everyone from manufacturers to meme-stock traders.
As the February 10 tariff deadline looms, economists warn this could ripple through global markets faster than K-pop dance challenges go viral. Stay tuned – this trade war sequel might just redefine ‘cost of living’ for Gen Z worldwide.
Reference(s):
cgtn.com