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Tag: tariff litigation
The Mounting Trade War: Legal, Economic, and Societal Implications of U.S.-China Tensions
The deepening trade conflict between the United States and China has evolved from a series of tit-for-tat tariffs into a broader economic standoff, with profound implications for global supply chains, labor markets, and international governance structures. A recent report by the American Chamber of Commerce in China (AmCham) warns that if tensions persist, a substantial number of Chinese exporters could experience significant employment losses, threatening not only China’s domestic stability but also broader global economic security (Reuters, 2025).
Trump Unleashes the Most Disruptive Tariff Shock of the Decade: IMF Sounds Global Economic Alarm
On April 22, 2025, the International Monetary Fund (IMF) issued a grim warning that sent ripples through financial markets and global policymaking communities: the sweeping tariff increases initiated by former U.S. President Donald Trump had unleashed what it termed a "major negative shock" to the global economy. This dramatic development, paired with downgraded growth forecasts for nearly every major economy—including the United States, United Kingdom, and numerous developing countries—ushers in a critical juncture in trade policy, international economic law, and global governance.