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
- This report examines the transition of the 47th U.S. Administration toward a protectionist trade policy during its first 100 days.
- Brief introduction to tariffs
- Overview of China-US tariff war
- Future implications to the pharmaceutical industry
- Appendices
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