Summary
Beijing announced 34% counter-tariffs on all US goods, framing the response as a matter of national sovereignty. The White House then raised China's rate to 125%, and after further Chinese counter-moves the combined US tariff on Chinese goods hit 145% — effectively freezing bilateral trade.
The tit-for-tat sequence, which sectors are most affected, and the emerging trade freeze.
Analysis of which bilateral trade can survive at these tariff levels and what effectively stops.
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