Trump’s ‘punitive’ China tariffs could end trade between the world’s two largest economies—and that would be painful, volatile, and dangerous

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Trump’s ‘punitive’ China tariffs could end trade between the world’s two largest economies—and that would be painful, volatile, and dangerous - Fortune

Quick Summary:

Can U.S.-China trade survive in a post-145% tariff world?

China's steep tariffs also encourage U.S.companies that export to the world's second-largest economy to consider their own supply chain diversification.

To be clear, economists do expect China will take an economic hit from Trump tariffs, with banks like Citi and Goldman Sachs cutting their 2025 GDP forecasts for the world’s second-largest economy.