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How the U.S.-China trade war’s 90-day pause was 70 years in the making

Summary by Fortune
Last month, the Trump administration launched a trade war of unprecedented magnitude against China by announcing a staggering 145% tariff on Chinese imports. China responded by playing hardball. It imposed a 125% reciprocal tariff on U.S. goods. While previous escalations had seen China urging for dialogue and cooperation, this time Beijing’s response was defiant. The Chinese Ministry of Commerce declared it was "prepared to fight till the end."…

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Fortune broke the news in New York, United States on Thursday, May 15, 2025.
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