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Trump's nuclear trade war targets China - but will blow back on USA| Geopolitical Economy Report (youtu.be)

submitted 1 week ago by AYJANIBRAHIMOV@lemmygrad.ml to c/china@lemmy.ml

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cross-posted from: https://lemmygrad.ml/post/7545891

cross-posted from: https://lemmygrad.ml/post/7545890

cross-posted from: https://lemmygrad.ml/post/7545889

Donald Trump's trade war went nuclear, hitting China with 145% tariffs, aimed at economic decoupling. This is already backfiring on the US economy, which is heavily reliant on Chinese imports. The volatility also fueled a crisis in the bond market, with Treasury yields rising. Ben Norton explains.

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