America and China’s trade war is seemingly letting up as the Trump Administration and Xi Jinping’s Administration look to have made up slightly. For context, in the entirety of the 2nd term of President Trump’s administration, he started a trade war with China. This saw the ramping up of tariffs on both American and Chinese tariffs from their opposing sides.
For context, Trump added 10% tariffs on top of 25% tariffs on all imports on February 1st, according to TLDR News Global. This prompted China to retaliate with 15% and 10% tariffs on Coal, Natural Gas, Oil, and Vehicles. This kept going throughout March till April, when Trump raised tariffs to 145% on all imports, while China raised tariffs to 125% on all imports on April 10th for the former and April 11th for the latter.

That is where it stayed until May 12th, when the Trump Administration made an agreement with Xi Jinping’s Administration to cut tariffs on all imports to 30% and China to cut tariffs on all imports to 10%. However, this is not to last as it will only be for 90 days until China and America hash out a deal regarding all these tariffs. This agreement has resulted in a boost in stocks between American and Chinese companies on the US stock market.

So, what does this mean for the current trade war between the United States and China? Well, essentially this could mean two things, either the US and China hash out a deal, or this is merely the calm in the eye of the storm, and things will get worse again.

It’s also important to consider what people in Coral Glades think about the trade war. Faizaan Noor in the 11th grade thought that “Things are gonna get worse. I mean recession. I’m gonna say recession. You know it’s bad when stuff like this happens.” Along with this, Bryan Huang in the 11th grade said, “I think it’s bad cause, since America is losing money and they’re increasing the prices. Their increasing prices, you know, they’re not gonna be able to export foreign items to us, it’s bad.”

If there’s a bet to be made, placing it on the former seems pretty logical. If there’s anything President Trump likes, it’s the art of the deal, he loves making deals. If anything, as long as China agrees to import more American goods, America imports Chinese goods. Or some alternative deal takes place where specific American goods (corn, oil, meat) are imported by China on mass and specific Chinese goods (minerals, coal, natural gas) are imported by America on mass, then that’s a deal these world leaders will be enticed to make.