A flood of Chinese investment—totaling a staggering $1.9 trillion—is rapidly transforming global manufacturing, posing a serious threat to industries across the world, especially in the United States, the NY Post reports.
The Chinese government has funneled enormous sums into boosting factory output over the last four years, launching a massive expansion effort aimed at saturating international markets with low-cost products.
In response, former President Donald Trump on Wednesday announced a sweeping 125% tariff on all Chinese goods entering the U.S.—while suspending similar duties on most other nations—marking his latest move to shield American industries from the impact of China’s aggressive export strategy.
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