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New US Administration: China Retaliates Against US Tariffs

Publisher GlobalData
Published Apr 17, 2025
Length 9 Pages
SKU # GBDT20043817

Description

New US Administration: China Retaliates Against US Tariffs

Summary

Within the first 100 days of the current US Administration, there has been a clear shift toward more protectionist trade policy. The 47th US President has implemented a series of tariff measures aimed at reducing the trade deficit.

To date, key outcomes have included -
  • Imposition of a 10% global baseline tariff
  • Introduction of a reciprocal tariff framework
  • Significant tariffs on strategic sectors such as steel, aluminum, and automotive
  • Heightened tensions between the US and China
Scope
  • This report examines the transition of the 47th U.S. Administration toward a protectionist trade policy during its first 100 days.
The analysis focuses on efforts to reduce the trade deficit while assessing the broader implications for domestic industry and global trade relations.

Table of Contents

9 Pages
Brief introduction to tariffs
Overview of China-US tariff war
Future implications to the pharmaceutical industry
Appendices
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