From Yahoo Finance: 2025-05-11 15:00:00

President Donald Trump’s new tariffs on Chinese imports have escalated trade tensions between the US and China. The tariffs, totaling 145%, have impacted $600 billion in annual trade. American households are already feeling the effects, with prices rising for products like baby strollers and car seats.

Small retailers, like Alter Ego Comics, are facing price hikes of up to 34% from suppliers. China, in response, is seeking alternative markets in Europe. The aerospace industry is also affected, with China halting Boeing imports and turning to domestic manufacturers.

White House Deputy Chief of Staff Stephen Miller praised Trump’s tariff policy as crucial for protecting the West from Chinese economic domination. However, economists fear a prolonged trade standoff could lead to a US recession and weaken its global financial standing.



Read more at Yahoo Finance: Stephen Miller Says ‘History Will Record’ Trump’s Tariffs As The Start Of Saving The West From China’s Economic Domination’