The USA has increased tariffs on Chinese goods, which could lead to new trade attacks from Donald Trump, analysts predict. So far, there is no evidence that the increased tariffs pose a serious threat, however, it could lead to broader economic repercussions for the world's second-largest economy.
Restrictions have been implemented in response to China's aggressive behavior regarding intellectual property, supply chains in the USA, and technology policy. Donald Trump has also indicated the possibility of a tax on all-import Chinese goods.
"Increasing tariffs could provoke a response from Beijing," noted an economics expert. "A global trade war could have serious consequences for both sides."
Economic experts point out that such actions could trigger a rise in consumer goods prices in the USA and increase financial instability. China has promised to respond to any new tariffs, which could ease tensions in trade relations between the two countries.
"Undoubtedly, this step could be met with a new wave of tension in trade between the two largest economies in the world," added the expert.
