Tariffs and Trade Reality: What Happens When Nations Stop Buying?
The global economy is increasingly shaped by geopolitical tension, economic nationalism, and tit-for-tat tariff battles. A dramatic example of this is unfolding between the United States and China. In 2025, the U.S. clarified that tariffs on Chinese imports have surged to 145%, triggering a retaliatory move from China’s Ministry of Finance, which imposed counter-tariffs ranging...