April 11, 2025
ABC News 7 recently published an article featuring Joseph LiPuma, Philip Van Horn Gerdine Clinical Associate Professor in Global Business, Strategy and Innovation, discussing how the U.S.–China trade war has sharply escalated, with tariffs from both sides now exceeding 100%.
China raised tariffs on U.S. goods to 125%, while the Trump administration retaliated with a 145% tariff on Chinese imports, further escalating the trade conflict between the two economic superpowers. Trump continues to accuse China of unfair trade practices, while Beijing responds with increasingly aggressive countermeasures, including export restrictions on critical minerals. The intensifying trade war has shaken global markets, disrupted supply chains, and fueled concerns about a potential recession. Experts warn that the fallout could result in higher prices for consumers, lower-quality goods, and long-term damage to U.S. manufacturing.
“We’re going to end up with more expensive goods that are potentially lower quality, it’s just inefficient. It’s not all going to shift to the U.S., because we don’t have the capability to do a lot of these things anymore. We’ve lost some aspects of workmanship, and we don’t have the time invested in this over years to make these things, so by putting China in that position, China is now establishing more and deeper economic relationships with more countries,” LiPuma adds.
Despite the White House’s claims of new trade deals with other nations, negotiations with China have yet to yield any progress.
