US tariff hike on China may destabilize global economy: Jeffrey Sachs
Al Mayadeen English
3 min readWith the newly imposed regulations, tariffs on steel and aluminum products from China are set to rise from 0-7.5% to 25% this year, and the tariff rate on Chinese-made semiconductors will double by 2025.
A sailboat passes a cargo ship unloading containers the port of Los Angeles in San Pedro on Thursday, June 15, 2023. (AP)
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