Shock of 100% tariff: Trump’s biggest bet on China, what will be the impact on your money?:

News India Live, Digital Desk: US China Relations: The trade war between the US and China has always been in the headlines, and it seems that tensions are only increasing. Recently, US President Donald Trump announced the imposition of a new tariff of 100% on China. This simply meant that the prices of goods coming from China, which are already in great demand in America, would now directly double. This was in addition to the charges that were already imposed, meaning goods were going to become even more expensive

Not only this, the Trump administration also announced to impose strict controls on the export of important software. The purpose of this decision was to prevent China from accessing certain technologies, especially those technologies which are considered very important for their industries and defense sector.

In fact, this tough step by America was taken in response to China increasing the ban on the export of “rare earth” metals. “Rare earths” are metals that are vital to many modern products, from smartphones to electric vehicles and even military equipment. China is a big producer and exporter of these metals. The US believed that China’s “unusual and aggressive” trade policy was destabilizing the global market, and due to this the US had to take more stringent measures.

According to experts, these tariffs had an impact on America and the entire world. Many products such as electronic goods, furniture, clothing, and toys became expensive for ordinary consumers in the US as the cost of Chinese goods increased. This also created a danger of disrupting the supply chain between America and China, which increased concerns in markets around the world.

Many economic experts believed that Trump’s decision was not only a business but also a political strategy. Under his policy of “America First”, he wanted to promote domestic industries and reduce American dependence on China. However, warnings were also given that if China retaliates by imposing further restrictions on American products, the global economy could face a major blow. Amidst these incidents, doubts were also raised over the meeting of the top leaders of the two countries, which shows how much the tension had increased.