Colin Keyes
Staff Writer
The President of the United States of America Donald J. Trump started a trade war with the People's Republic of China, currently ruled by Xi Jinping who has declared himself the leader of the Communist Party of China for life. The trade war between these two countries is getting more and more intense, each country is stepping up their tariffs on the other country last week the United States turned up the tariff up to a high 25% on the Chinese products which went into effect in mid-May when the most recent round of talks failed to garner a deal.
On another note, the amount of worth the Chinese currency is down too 6.91 per 1 United States dollar. It was 1 Chinese yuan for 0.15 USD but not it has gone down to 1 Chinese yuan for 0.14 USD.
So what does this mean for you? This trade war will affect you in many different ways, but the most significant way is the increasing price of Chinese good that is in the U.S. Because of the tariff, the price of these products will rise immensely. Like if you own an iPhone, then the price of the product will rise because of tariffs that the U.S. put on China. New tariffs will affect all the products that are shipped from China and sold in the U.S.
President Trump’s whole plan is to deal with China before they get too powerful. If they get too powerful, they will call the shots instead of the U.S. When the United States of American allowed China to join the World Trade Organization in 2001, this is when the Chinese economy started on its relatively short road to becoming a powerhouse. The question facing US officials now is whether or not China is already too powerful.
