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Trump’s New Tariffs, China‘s Export Controls ​Raise Doubts⁢ About​ Trade War‍ Resolution

WASHINGTON -‍ Escalating tensions between⁢ the United States and China took a sharp turn this week, ​diminishing hopes for a swift end to the ongoing trade war. Former President Donald Trump proposed a 100 percent tariff on ‌all Chinese goods, responding to Beijing’s recent expansion of export controls on strategic rare earth minerals and related⁤ technologies.The tit-for-tat measures signal a hardening of positions and raise concerns that a negotiated settlement-already stalled-may be further out of reach.

The renewed escalation threatens to disrupt global supply chains, increase costs for ⁤consumers, and further strain the already complex relationship ⁤between the world’s two largest economies. The moves come as both nations ⁤grapple with domestic economic ​challenges and geopolitical competition, with the ​potential for prolonged ​trade conflict adding ⁢significant uncertainty to the‌ global economic outlook. Affected parties include⁤ American businesses reliant on chinese manufacturing, Chinese exporters, and consumers facing potentially higher prices.

Trump’s tariff proposal followed a move by Beijing to broaden export controls on critical rare earth minerals and the technologies used to process them.This action was itself a response to Washington’s late-month expansion of sanctions targeting companies ‍with at least partial ownership ⁣by firms already on a‌ national security blacklist.

Analysts suggest the current impasse stems from a breakdown in dialog and misinterpretations of intent.”This is what happens when there’s ‍a ⁢lack of clear communication.Both sides have misread the other,” said Zack Cooper, a fellow with the‌ conservative American⁤ Enterprise Institute.

The cycle of escalating ⁤restrictions​ began after a period of relative ⁢calm, including a 90-day tariff truce previously extended by Trump. the latest developments cast doubt on ⁣the possibility of further negotiations ⁢and suggest a willingness on both⁣ sides to employ increasingly aggressive tactics. The long-term consequences of this escalating trade war remain uncertain, but the immediate impact is a significant setback for efforts to de-escalate ⁣tensions and ‌restore a ‌more stable economic‌ relationship.