Tariff Threat: Recession Risk

The article discusses the escalation of trade war tensions between the US and China, focusing on the US imposing new tariffs on Chinese steel and aluminum products. These measures target specific sectors and aim to protect American industries, particularly in the context of the upcoming US presidential election. The US government accuses China of unfair trade practices, including overproduction and artificially low prices, that allegedly harm US manufacturers. The Chinese government has retaliated with its own tariffs on a range of US goods. This tit-for-tat exchange has raised concerns about a broader economic conflict, potentially impacting global trade flows and supply chains. The article highlights the increasing economic nationalism and protectionist policies embraced by both countries, fueled by geopolitical rivalries and domestic political pressures. Despite concerns from various sectors, the US implemented the tariffs without exemptions, disregarding warnings from US businesses about the potential economic damage and job losses resulting from these measures. The move reflects a determination to confront China on trade issues, even at the risk of economic disruption. find the original article here: https://www.wsws.org/en/articles/2025/03/13/egjd-m13.html