Scott Kennedy

Rule Changes

Analyzing U.S.-China trade dynamics

For three months, the world's two largest economies operated under a fragile ceasefire. The Trump-Xi trade deal struck in South Korea last October reduced U.S. tariffs on Chinese goods from a peak of 145% to 47%, while China suspended its rare earth export controls. On January 12, Trump imposed a 25% tariff on all countries doing business with Iran—a measure that primarily targets China, which purchases over 90% of Iran's oil exports.

Updated Jan 14