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60% Tariff Hike: The Shocking New Reality in U.S.-China Trade Wars

The United States, the world’s biggest importer, has escalated its trade conflict with China, the world’s biggest exporter, by increasing tariffs. On April 2nd, the average levy on Chinese goods was raised above 60%. Despite this significant increase, the atmosphere in Beijing remains calm and not panicked. These statistics highlight the ongoing tension and the surprising resilience in the face of economic pressure.

Source: www.economist.com

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