Thai Times

Covering the Thai Renaissance
Sunday, May 18, 2025

Worldwide Anxiety as US and China Move Closer to a Full-Blown Trade War

Trump's warning of imposing 100% tariffs sparks concerns of a recession and instability in global markets.
A significant escalation in trade tensions between the two largest economies globally is on the horizon after US President Donald Trump threatened to implement tariffs exceeding 100 percent on all Chinese imports starting April 9. In retaliation, China pledged to "fight to the end," heightening fears of a drawn-out and damaging trade war.

With bilateral trade totaling 585 billion dollars in 2024, the United States and China are closely interconnected. Nevertheless, the U.S. faced a 295 billion dollar trade deficit with China last year—a number that Trump argues legitimizes his aggressive counter-tariffs. Chinese products such as smartphones, electronics, toys, and batteries could see substantial price increases in America, while American exports like soybeans and petroleum are likely to encounter significant barriers in China.

The repercussions are anticipated to extend well beyond these two countries. Analysts caution about slower global growth, supply chain disruptions, and rising consumer prices. Other nations might experience an influx of redirected exports, such as inexpensive Chinese steel, posing risks to local industries and employment. The world is now watching with concern as this standoff threatens to undermine the very foundations of international trade.
Newsletter

Related Articles

Thailand's Strategic Plan to Enhance Trade Relations with China
0:00
0:00
Open
Thailand's Strategic Plan to Enhance Trade Relations with China
0:00
0:00
Close
Thailand's Strategic Plan to Enhance Trade Relations with China
Thai Rail Allocates THB 12 Billion for Land Acquisition for High-Speed Railway Extension
Rodrigo Duterte Arrested and Transferred to The Hague Amid ICC Charges
U.S. and Philippine Forces Test High-Powered Microwave Weapons in Joint Exercise
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
Heavy Rainfall and Flash Flood Risks Across Thailand Due to Prevailing Monsoon Conditions
China Unveils Advanced AI Surveillance Tools at 12th Police Equipment Expo
Hong Kong Slams U.S. Senators Over Sanctions Bill, Calls Move ‘Reprehensible’
Japan's Three Major Banks Report Record High Net Profits for Second Consecutive Year
The Chinese Dragon: The True Winner in the India-Pakistan Clash
China Rebukes US Trade War Tactics Amid Ongoing Tensions
Thai Port Authority Achieves Record Profits Amidst Sustained Growth
Passenger Travels Under Wrong Identity on British Airways Flight
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
NVIDIA to Open R&D Center in China as Shanghai Promises Tax Incentives
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
CPF records profit surge of 642% to B8.55bn in Q1
Thailand Tourism at a Crossroads
Surge in Visa-Free Entries Boosts International Tourism to Shenzhen
Shocking Footage Released: Diddy Caught Dragging Cassie in Brutal Hotel Hallway Assault
This Kenyan reporter trying to keep a straight face
Starlink Now Profitable: SpaceX Hits Major Milestone with $11.8 Billion in Revenue
This restaurant in Thailand offers different discounts to its customers according to their body size and weight…
Thailand, Ko Tao: Diving into the shipwreck, diver Oscar Dusik has an unforgettable memory.
Honda Expects 70% Decline in Net Profit for FY 2025
Shift in Buddhist Merit-Making Practices Presents New Business Opportunities
Tetra Pak Opens State-of-the-Art Innovation Centre in Bangkok to Boost Thailand's Food Industry
Crackdown on Jet-Ski Scams in Phuket Results in Arrests and Seizures
China's Changan Automobile Expands Presence in Thailand
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
EU Court Orders Disclosure of von der Leyen’s Texts with Pfizer CEO Over €35 Billion Vaccine Deal
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Mexican Influencer Valeria Márquez Killed During Livestream in Suspected Femicide
This man went to take $5,000 out his own bank account and was arrested for it
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
U.S. FDA to Remove Oral Fluoride Supplements for Children Amid Gut Health Concerns
Kim Kardashian Testifies in Paris Robbery Trial, Tells Gang Leader: 'I Forgive You'
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Reports Reveal Alarming Cognitive Decline in Biden Prior to Election Withdrawal
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Thailand to Launch B5 Billion Investment Tokens for Retail Investors
Foreign Investment Returns to Thai Markets Amid Speculation of Rate Cuts
Thailand Conducts Final Test of Cell Broadcast Emergency Alert System
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Trump says it would be 'stupid' not to accept gift of Qatari plane
Nissan Plans to Cut Over 10,000 Additional Jobs Worldwide
×