U.S. exports to China collapsed by 77% in April 2025, following Trump administration’s new 145% tariffs and China’s retaliatory 125% duties, triggering severe economic consequences across global supply chains and domestic markets
Yiwu’s merchants confront escalating tariffs with strategic diversification, leveraging global networks to sustain trade momentum amid shifting economic landscapes
China retaliates against U.S. trade policies with new tariffs, import bans, and business blacklists. Tensions between the two largest economies are intensifying, reshaping global trade dynamics
On March 24, 2025, Joe Kramek will testify before the Section 301 Committee, arguing that proposed port fees and U.S.-built vessel mandates will harm American consumers, exporters, and supply chains. This is a summary of his testimony