About this work
Renewed US tariffs and Chinese retaliation threaten to turn a trade dispute into a broader economic constraint. This February 2025 assessment examines the additional 10 percent tariff on Chinese imports, Beijing’s response and the implications for inflation and Federal Reserve policy. The earlier trade conflict suggests that consumers and businesses absorb much of the cost.
Cite this work
Marcello Estevão, Jonathan Fortun (2025). Global Macro Views: From Trade War to Tariff Trap: The U.S.-China Economic Clash. Institute of International Finance.