Trump plans significant tariffs on Chinese imports and other goods

President-elect Donald Trump plans to impose a 60% tariff on Chinese imports and 10% to 20% tariffs on other goods. This marks a significant escalation from previous tariffs, which were lower and did not lead to major economic disruptions. The global trade landscape has changed since Trump's first term, with ongoing challenges in Europe and a growing military alliance among Russia, Iran, and North Korea. The U.S. faces pressure to adapt its trade policies to these new realities. Bipartisan support in Congress is emerging to revoke permanent normalized trade relations with China, potentially reinstating high tariffs from the 1930s. Trump may need to balance these tariffs with the need for cooperation with European allies on defense and trade.