In a major shift in trade policy, the United States has reinstated sweeping tariffs on Chinese imports after a federal appeals court ruled that China violated terms of a 2022 trade agreement.
Former President Donald Trump, who is reportedly consulting with his trade advisors despite no longer holding office, applauded the decision. “China lied, cheated, and now they pay,” he said during a conservative think tank event in Texas.
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The tariffs, which range from 15% to 30% on goods including electronics, steel, and textiles, are expected to ripple through global supply chains. The court’s decision follows months of tension over intellectual property theft, alleged cyber espionage, and imbalanced trade practices.
Markets reacted sharply, with the Dow Jones Industrial Average slipping by 0.4% at midday before rebounding slightly. Business leaders warn of inflationary pressure as consumer prices may rise.
China’s Ministry of Commerce condemned the tariffs as “hostile and reckless” and vowed to take retaliatory action. Analysts say a new trade war could be brewing as both countries dig in their heels.
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