
By Tyler Durden
The U.S. and China are in the midst of their second trade war in seven years.
Earlier this year President Trump announced an initial 34% “reciprocal” tariff rate on China, leading to a swift Chinese retaliation.
For a brief period, both crossed into 100% territory (i.e., more than the entire cost of the goods itself).
Experts cautioned that the resulting chaos could wipe off hundreds of billions from both economies and financial markets saw a swift downturn in response.
Since then, tariff rates have come down: varying between 40–50% on Chinese goods entering the U.S. and 10–30% on U.S. products entering China.
In this chart, Visual Capitalist’s Pallavi Rao compares the combined GDP of the U.S. and China versus everyone else, using April 2025 data from the International Monetary Fund.
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Read Full Article Here…(zerohedge.com)
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