With Donald Trump’s election as U.S. president, the world is once again bracing for economic upheaval. A new round of trade wars, reminiscent of Trump’s first term, promises to be even more intense and far-reaching. China — the United States’ primary economic rival — is once again at the forefront of this confrontation.

The ongoing China-US trade war, marked by retaliatory tariffs, export controls, and escalating geopolitical tensions, has entered a more precarious phase. Recently, the United States raised tariffs on Chinese goods, prompting China to retaliate by limiting exports of essential materials used in semiconductor manufacturing.