New York, February 5: S&P Global Market reports that newly imposed Chinese tariffs are expected to cover U.S. exports worth USD 23.6 billion in 2024, further straining the trade relationship between the two countries. These tariffs will likely affect various industries, with agriculture and manufacturing being the most impacted.
The tariffs pose challenges for U.S. businesses reliant on exports to China, and analysts are closely monitoring the situation. The uncertainty surrounding trade policies could complicate global trade dynamics and economic growth, especially if tensions continue to escalate.
