China Gets 64% Tariff Wall as Trump Turns Up the Trade Heat; Yuan Sinks, Stocks Slide

China Gets 64% Tariff Wall as Trump Turns Up the Trade Heat; Yuan Sinks, Stocks Slide

However, discussions could be tough for European leaders, who face China’s growing dominance in the EV and AI sectors and pressure to diversify trade dependencies. Europe’s desperate need to find an alternative to the US could play firmly into China’s hands.

Daniel Romero at HyperTechInvest underscored China’s EV potential, stating:

“As a European, I’m all in on improving trade relations with China. Give me some affordable Chinese EVs.”

Robin Brooks, Senior Fellow at the Brookings Institute, commented on China’s restrained approach to recent tariff escalations but warned of potential shifts, stating:

“China kept a very low profile in recent months, even as the…
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