While President Donald Trump has delayed levying tariffs on Canada and Mexico, the U.S. has officially implemented a 10% tariff on all Chinese imports. Just as we saw in Trump’s first term, China has responded with retaliatory tariffs, stoking fears of a trade war.
The trade war during Trump’s first presidential term led to a selloff in both Chinese and U.S. markets amid fears of business disruption and higher costs. There are several other dimensions to the U.S.-China rivalry, especially concerning global technology and artificial intelligence (AI) dominance.
