Part 2/9:
President Trump’s strategic imposition of a staggering 145% tariffs on Chinese imports has had a devastating impact on China’s economy, causing significant contractions in its manufacturing sector. The repercussions have been felt widely, with numerous Chinese banks on the edge of collapse due to financial strain and a potential banking crisis looming. As trade discussions progressed, it became clear that China had little choice but to seek a deal to prevent total economic failure.