Click image to zoom

Daily Life In Guangzhou, China

A Huawei store is open at a mall as daily life continues in Guangzhou, China, on May 8, 2025. The year 2025 marks a significant escalation of the US-China trade conflict under the second Trump administration. A series of increasing tariffs leads to the U.S. imposing a 145% tariff on Chinese goods, and China imposing a 125% tariff on American goods; these measures are forecast to cause a 0.2% loss of global merchandise trade. (Photo by Matt Hunt/NurPhoto)

China Economy Guangzhou Mainland China Trade Huawei store mall Guangzhou China May 8 2025 US-China trade conflict second Trump administration tariffs 145% tariff Chinese goods 125% tariff American goods global merchandise trade trade loss economic impact trade escalation international trade trade relations trade war economic policy import tariffs export tariffs trade measures trade forecast economic loss trade imbalance trade policies bilateral trade trade negotiations trade barriers global economy.