The ongoing U.S.-China trade war marks a dramatic shift in global trade dynamics, with China overtaking the U.S. as the world’s primary trade partner—reversing a long-standing trend where the U.S. held that dominant position.

While President Donald Trump has delayed levying tariffs on Canada and Mexico, the U.S. has officially implemented a 10% tariff on all Chinese imports. Just as we saw in Trump’s first term, China has responded with retaliatory tariffs,