💨 Abstract

President Donald Trump imposed a 145% tariff on China in April 2025, citing lack of respect from China towards global markets. This is in response to China's retaliation to Trump's earlier trade moves. No other country has followed suit, but many are concerned about China's dumping of goods, which harms domestic industries. Dumping involves selling goods at lower prices in foreign markets than at home.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖