The recent escalation in trade tensions between the U.S. and China has seen significant tariff increases imposed by both sides. Initially, the 10% tariff imposed by President Trump on Chinese imports in February was raised to 20%. In response, Beijing retaliated by implementing tariffs of up to 15% on a variety of U.S. farm exports. Additionally, Beijing expanded the scope of restrictions by targeting about two dozen more U.S. companies with export controls and other limitations. This tit-for-tat escalation in tariffs and trade restrictions underscores the growing economic strain between the two global economic powers. The impact of these actions is likely to have ripple effects across various industries and could further exacerbate the ongoing trade dispute. The move signifies a significant shift in the trade dynamics between the U.S. and China and raises concerns about the potential for further economic repercussions. The consequences of these actions are anticipated to be felt not only by the involved countries but also by the global economy at large, highlighting the interconnectedness of the modern economic landscape.