Today, China responded to Trump’s tariffs by imposing counter-tariffs on imports of certain U.S. goods.
In particular, it will impose 15% tariffs on wheat, corn, cotton, and chicken, and 10% on sorghum, soybeans, pork, beef, seafood, fruits, and vegetables coming from the United States.
These counter-tariffs will come into effect on March 10.
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Trump’s tariffs and the trade war against China
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The one initiated by Trump is in all respects a worldwide commercial war.
The objective is to reduce the trade deficit of the USA, given that the country imports much more than it exports.
The problem is that a global trade war with tariffs and counter-tariffs will ultimately harm all economies, including the United States economy.
In reality, the true purpose of President Donald Trump seems to be another.
If the goal remains to reduce the US trade deficit, the main path, however, should not be to reduce imports, but to increase exports.
In itself, the reduction o
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