China facilitates tariffs on selected US goods, since Trump says that Beijing will “eat” costs

Finance Minister Scott Bessent today was in advance how the US China trade war will add more pain to the Chinese economy, and said that the country could quickly lose 10 million jobs and is therefore responsible for separating the first step to the tariffs (reading down to read his comments).

And when freight deliveries from Shanghai are immersed in the United States, there was growing concern for empty shelves and product lack in the USA.

On the other hand, China is the third largest export market for US goods behind Mexico and Canada.

According to a new report by the US China Business Council, the US US China exported the value of $ 140 billion to China in 2024, which is connected to 531,232 jobs in the USA.

Despite the trade deficit, this market is of crucial importance for many US industries. Therefore, oil seeds and grain farmers in particular fear Trump's tariffs for Chinese goods and China's retaliation measures by 125% tariffs.

Texas, California, Washington, Indiana and North Carolina are the states that can be hit hardest by China's counter -tariffs, since these states were the largest exporters of China in 2024. Texas exports alone were more than $ 21 billion to China.