Tariff War Intensifies, China Will Lose Its World Factory Status, Heading Into a Great Depression

The US-China trade war has reached a critical juncture as both sides increase tariffs. On April 7, US President Donald Trump warned on his social media platform, Truth Social, that if China does not remove its 34 percent retaliatory tariffs on American goods by April 8, the US will impose an additional 50 percent tariff on all Chinese products starting April 9. He also announced the termination of all negotiations requested by China. This escalation marks a significant turning point in the ongoing trade conflict and suggests a major shift in global trade dynamics.
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