Soumaya Keynes

America v China: why the trade war won't end soon

Soumaya Keynes, Deng Xiaoping, Trump, David Rennie, Chad Bowne, Samaya

After sixteen months of reciprocal tariffs triggered by US concerns over China's rapid economic ascent and alleged unfair trade practices, the conflict has escalated to impose 25% duties on billions of dollars in goods while specifically targeting the agricultural sector to influence political outcomes. The dispute has severely impacted global growth projections and business investment, with recent restrictions on tech firm Huawei and a stalled "phase one" deal highlighting the deep structural disagreements regarding intellectual property and market access. Analysts caution that while a limited agreement might offer temporary tariff relief, the fundamental clash over US dominance in future industries and China's state-led economic model suggests a prolonged stalemate without comprehensive resolution.