Illustration: Yoshi Sodeoka
The Big Take
In Trump-Biden Rematch, the Only Sure Loser Is China
Trump vows massive tariffs that could shrink US-China trade to practically nothing — and Biden has new restrictions ready to roll before election day
Donald Trump’s China trade war frayed economic ties between the two global superpowers. His second-term plans risk cutting them entirely.
The former president is pitching a 60% tariff on all Chinese imports. That would shrink a $575 billion trade pipeline to practically nothing, Bloomberg Economics analysis shows. And it’s not the only escalation Trump has in mind if he converts a narrow poll lead over incumbent Joe Biden into victory in November.