🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 84 (from laksa006)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa084.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html","crawl_time":1769162624,"first_indexed_time":1760454730,"http_code":200,"src_unparsed":"com,nytimes!www,\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html s443","src_root_hash":"4566504020376537684","history_drop_reason":null,"meta_title":"Trump’s Trade War With China Catches the World in Its Crossfire - The New York Times","meta_descriptions":["Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways."],"attrs_boilerpipe_text":"Advertisement\nSKIP ADVERTISEMENT\nNews Analysis\nTariffs and other restrictions between the United States and China are reverberating in unpredictable ways.\nPresident Trump has imposed 50 percent tariffs on most steel and aluminum coming into the United States, and some other countries have followed with steel levies of their own.\nCredit...\nDesiré van den Berg for The New York Times\nOct. 14, 2025\nOne of the world’s main number crunchers released its latest economic report on Tuesday. But the\nmiddling forecast\nfrom the International Monetary Fund doesn’t begin to capture the helter-skelter ride the global economy is on.\nEven as the I.M.F. was preparing its report, a flurry of developments were already altering the picture.\nNew U.S. tariffs\non imported wood, furniture and kitchen cabinets that are expected to drive up the\ncost of home building\ntook effect on Tuesday. So did the opening round of\nhigher port entry fees\nthat China and the United States will impose on each other’s vessels.\nTuesday’s turn of the trade wheel was just one click in a series of repercussions set in motion by President Trump’s vow to smash the world’s economic order. More will follow.\nLast week, Beijing decided to sharply step up curbs on its export of\nrare earth metals,\nmaterials that are essential for the manufacturing of semiconductors, cellphones, wind turbines and nearly every other modern gadget. New restrictions on equipment needed to produce batteries for electric cars are also scheduled to take effect next month.\nMr. Trump’s initial fury softened over the weekend, after his response led to the sharpest decline in stocks since April, when the president’s initial barrage of tariffs was announced. Still, his threat to slap an additional 100 percent tariff on Chinese imports was left dangling.\nImage\nU.S.-China trade tensions are rippling globally, with China’s export limits hitting European automakers and U.S. tariffs on Chinese-made ships affecting foreign carriers docking in America.\nCredit...\nErin Schaff\/The New York Times\n“The U.S.-China relationship is highly volatile,” said\nRichard Portes\n, a professor at the London Business School. “One doesn’t really know what to expect from one day to the next, and that is typical of the current administration.”\nWhy is this story labeled ‘News Analysis’?\n \nIn this format, reporters with deep experience in the subject draw on their expertise to help you better understand an event. They step back from the breaking news to evaluate its significance and possible ramifications, but they may not inject their personal opinions.\nThe\nsouped-up tension\nbetween the two economic superpowers is catching other countries — that is, almost every country — in the crossfire. China’s restrictions on metals and magnets, for instance, would affect European automakers that use those materials and ship them across borders within Europe. And the levies on ships made in China apply even to non-Chinese shipping companies stopping at American ports.\nOn Tuesday, the Chinese government ratcheted up the retaliation by adding\nfive American subsidiaries\nof the South Korean shipping company Hanwha to its sanctions list, accusing the subsidiaries of “supporting and assisting” the United States in its moves in the shipbuilding industry.\nBeijing and Washington are also essentially pressuring nations around the globe to take sides. Mexico, one of the world’s biggest buyers of Chinese cars, proposed\na 50 percent\ntariff last month on those vehicles after heavy lobbying from the Trump administration.\nIndia, meanwhile, has\nmoved closer to China\nsince the White House, piqued by New Delhi’s continued purchase of Russian oil, imposed tariffs up to 50 percent on Indian goods. In August, Prime Minister Narendra Modi\nvisited\nChina for the first time in seven years to attend a security and economic conference — a public display by India’s leader that his country has plenty of allies should the Trump administration continue to single it out for punishment.\nImage\nBeijing and Washington are pressuring nations to take sides. After U.S. lobbying, Mexico — a major buyer of Chinese cars — proposed a 50 percent tariff on them last month.\nCredit...\nBenedicte Desrus for The New York Times\nSince Mr. Trump took office, shifts in global trade policy have happened both at high speed and in slow motion, reverberating in broad and unpredictable ways.\nWhen Mr. Trump announced his plan this summer to slap\n50 percent tariffs\non most steel and aluminum coming into the United States, British steel makers felt lucky. Their government had already\nstruck a deal\nthat their steel would be tariffed at only half that amount — 25 percent.\nBut the mood in Britain darkened considerably last week when the European Union announced its own set of punishing tariffs on steel imported into its 27-nation bloc. The policy delivered a gut punch to Britain’s steel industry, which sends nearly\n80 percent\nof its exports to the European Union.\nBritain, though, wasn’t the target of the policy — just a bystander to moves aimed at Beijing and Washington.\nThe 50 percent E.U. tariff was directed at China, which has been accused of\ndumping underpriced steel\non the global market. The tax was also designed with an eye to putting the European Union in a better negotiating position with the United States.\n“The Union is ready to work with like-minded countries with a view to ring-fencing their economies from global overcapacity,” the European Union’s executive arm said last week. “We will continue exploring ways of working together with the U.S.”\nImage\nThe trade clash between the world’s two largest economies is rippling worldwide — ships made in China face U.S. tariffs when docking at American ports.\nCredit...\nScott McIntyre for The New York Times\nThe protectionist impulse is also going viral, with Canada, Brazil and Mexico taking steps to shield their homegrown steel makers.\nDespite the frequent swerves in trade policy, though, the global economy will remain highly integrated, said\nLucrezia Reichlin\n, a professor at the London Business School, even as the center of gravity shifts toward Asia and away from the West.\nFor now, growth is slowing in both the\nUnited States\nand\nChina\n, while a pervasive unpredictability characterizes the short- and long-term outlooks.\nMr. Portes at the London Business School summed up the dynamic between the world’s two largest economies: “China has stable, clear and determined objectives. The Trump administration changes from day to day, in its views and its policies.”\n“The degree of uncertainty is huge,” he added, “and that has consequences for the global economy.”\nJeanna Smialek contributed reporting from Brussels.\nPatricia Cohen\nwrites about global economics for The Times and is based in London.\nA version of this article appears in print on\nOct. 15, 2025\n, Section B, Page 1 of the New York edition with the headline: U.S.-China Trade War’s Ripple Effects\n.\nOrder Reprints\n|\nToday’s Paper\n|\nSubscribe\nRelated Content\nMore in Economy\nJacqueline Gu\/The New York Times\nCallaghan O'Hare for The New York Times\nEditors’ Picks\nBill Cunningham\/The New York Times\nLaura Elliott\/The Seattle Times, via Associated Press\nTrending in The Times\nDustin Chambers for The New York Times\nNBC\nThe New York Times\nImage by Markus Schreiber\/Associated Press\nCharlie Riedel\/Associated Press\nIlia Yefimovich\/Agence France-Presse — Getty Images\nHiroko Masuike\/The New York Times\nErik Carter\nErik Owen\nWarner Bros.\nAdvertisement\nSKIP ADVERTISEMENT","attrs_markdown":"[Skip to content](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html#site-content)[Skip to site index](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html#site-index)\n\nSearch & Section Navigation\n\nSection Navigation\n\nSearch\n\n[Economy](https:\/\/www.nytimes.com\/section\/business\/economy)\n\n[Log in](https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&client_id=vi&redirect_uri=https%3A%2F%2Fwww.nytimes.com%2Fsubscription%2Fonboarding-offer%3FcampaignId%3D7JFJX%26EXIT_URI%3Dhttps%253A%252F%252Fwww.nytimes.com%252F2025%252F10%252F14%252Fbusiness%252Feconomy%252Fus-china-trade-tariffs-global-economy.html&asset=masthead)\n\nFriday, January 23, 2026\n\n[Today’s Paper](https:\/\/www.nytimes.com\/section\/todayspaper)\n\nTariffs and Trade\n\n- [Tariff Tracker](https:\/\/www.nytimes.com\/interactive\/2025\/07\/28\/business\/economy\/trump-tariff-tracker.html)\n- [Trade Chaos](https:\/\/www.nytimes.com\/2026\/01\/22\/us\/politics\/trump-trade-chaos.html)\n- [U.S. Tariffs on Switzerland](https:\/\/www.nytimes.com\/2026\/01\/21\/us\/politics\/trump-switzerland-tariffs-personal-friction.html)\n- [Possible Supreme Court Ruling](https:\/\/www.nytimes.com\/2026\/01\/20\/us\/politics\/trump-tariffs-supreme-court.html)\n- [U.S.-Taiwan Agreement](https:\/\/www.nytimes.com\/2026\/01\/15\/business\/taiwan-trade-deal.html)\n\nAdvertisement\n\n[SKIP ADVERTISEMENT](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html#after-top)\n\nSupported by\n\n[SKIP ADVERTISEMENT](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html#after-sponsor)\n\nNews Analysis\n\n# Trump’s Trade War With China Catches the World in Its Crossfire\nTariffs and other restrictions between the United States and China are reverberating in unpredictable ways.\n\n- Share full article\n- 296\n\n![](https:\/\/static01.nyt.com\/images\/2025\/10\/14\/multimedia\/14biz-trade-analysis-01-tpjh\/14biz-trade-analysis-01-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale)\n\nPresident Trump has imposed 50 percent tariffs on most steel and aluminum coming into the United States, and some other countries have followed with steel levies of their own.Credit...Desiré van den Berg for The New York Times\n\n[![Patricia Cohen](https:\/\/static01.nyt.com\/images\/2018\/02\/16\/multimedia\/author-patricia-cohen\/author-patricia-cohen-thumbLarge-v3.png)](https:\/\/www.nytimes.com\/by\/patricia-cohen)\n\nBy [Patricia Cohen](https:\/\/www.nytimes.com\/by\/patricia-cohen)\n\nPatricia Cohen writes about the global economy from London.\n\nOct. 14, 2025\n\n[阅读简体中文版](https:\/\/cn.nytimes.com\/business\/20251015\/us-china-trade-tariffs-global-economy\/ \"Read in Simplified Chinese\")[閱讀繁體中文版](https:\/\/cn.nytimes.com\/business\/20251015\/us-china-trade-tariffs-global-economy\/zh-hant\/ \"Read in Traditional Chinese\")\n\nOne of the world’s main number crunchers released its latest economic report on Tuesday. But the [middling forecast](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/imf-report-economy-trade-inflation.html) from the International Monetary Fund doesn’t begin to capture the helter-skelter ride the global economy is on.\n\nEven as the I.M.F. was preparing its report, a flurry of developments were already altering the picture. [New U.S. tariffs](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/trump-tariffs-lumber-furniture-china.html) on imported wood, furniture and kitchen cabinets that are expected to drive up the [cost of home building](https:\/\/www.nytimes.com\/2025\/10\/02\/business\/tariffs-lumber-furniture-housing-crisis.html?searchResultPosition=3) took effect on Tuesday. So did the opening round of [higher port entry fees](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/china-shipping-us-ports.html) that China and the United States will impose on each other’s vessels.\n\nTuesday’s turn of the trade wheel was just one click in a series of repercussions set in motion by President Trump’s vow to smash the world’s economic order. More will follow.\n\nLast week, Beijing decided to sharply step up curbs on its export of [rare earth metals,](https:\/\/www.nytimes.com\/2025\/10\/09\/business\/china-rare-earth-exports.html) materials that are essential for the manufacturing of semiconductors, cellphones, wind turbines and nearly every other modern gadget. New restrictions on equipment needed to produce batteries for electric cars are also scheduled to take effect next month.\n\nMr. Trump’s initial fury softened over the weekend, after his response led to the sharpest decline in stocks since April, when the president’s initial barrage of tariffs was announced. Still, his threat to slap an additional 100 percent tariff on Chinese imports was left dangling.\n\nImage\n\n![](https:\/\/static01.nyt.com\/images\/2025\/10\/14\/multimedia\/14biz-trade-analysis-02-tpjh\/14biz-trade-analysis-02-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale)\n\nU.S.-China trade tensions are rippling globally, with China’s export limits hitting European automakers and U.S. tariffs on Chinese-made ships affecting foreign carriers docking in America.Credit...Erin Schaff\/The New York Times\n\n“The U.S.-China relationship is highly volatile,” said [Richard Portes](https:\/\/www.london.edu\/faculty-and-research\/faculty-profiles\/p\/portes-r), a professor at the London Business School. “One doesn’t really know what to expect from one day to the next, and that is typical of the current administration.”\n\nWhy is this story labeled ‘News Analysis’? In this format, reporters with deep experience in the subject draw on their expertise to help you better understand an event. They step back from the breaking news to evaluate its significance and possible ramifications, but they may not inject their personal opinions.\n\nThe [souped-up tension](https:\/\/www.nytimes.com\/live\/2025\/10\/14\/us\/trump-news\/0c1360f9-99bf-526b-a4a1-4267869b191d?smid=url-share) between the two economic superpowers is catching other countries — that is, almost every country — in the crossfire. China’s restrictions on metals and magnets, for instance, would affect European automakers that use those materials and ship them across borders within Europe. And the levies on ships made in China apply even to non-Chinese shipping companies stopping at American ports.\n\nOn Tuesday, the Chinese government ratcheted up the retaliation by adding [five American subsidiaries](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/china-shipping-us-ports.html) of the South Korean shipping company Hanwha to its sanctions list, accusing the subsidiaries of “supporting and assisting” the United States in its moves in the shipbuilding industry.\n\n## Editors’ Picks\n[![](https:\/\/static01.nyt.com\/images\/2026\/01\/13\/well\/13WELL-LEAST-EXERCISE\/13WELL-LEAST-EXERCISE-thumbLarge.jpg)How Little Exercise Can You Get Away With?](https:\/\/www.nytimes.com\/2026\/01\/13\/well\/move\/minimum-exercise-advice.html)\n\n[![](https:\/\/static01.nyt.com\/images\/2026\/01\/18\/magazine\/18mag-LOR\/18mag-LOR-thumbLarge.jpg)Forget the Cynics. Here’s Why You Should Get Your Dog a Stroller.](https:\/\/www.nytimes.com\/2026\/01\/13\/magazine\/dog-stroller-recommendation.html)\n\n[![](https:\/\/static01.nyt.com\/images\/2026\/01\/14\/podcasts\/14modernlove-podcast-belle-burden\/14modernlove-podcast-belle-burden-thumbLarge-v4.png)Inside an Exploding Marriage: Belle Burden in Her Own Words](https:\/\/www.nytimes.com\/2026\/01\/14\/podcasts\/belle-burden-husband-strangers.html)\n\nAdvertisement\n\n[SKIP ADVERTISEMENT](https:\/\/www.nytimes.com\/2025\/10\/14\/business\/economy\/us-china-trade-tariffs-global-economy.html#after-pp_edpick)\n\nBeijing and Washington are also essentially pressuring nations around the globe to take sides. Mexico, one of the world’s biggest buyers of Chinese cars, proposed [a 50 percent](https:\/\/www.ft.com\/content\/677df57b-6c83-48c6-9ec5-57bd0eb4693f) tariff last month on those vehicles after heavy lobbying from the Trump administration.\n\nIndia, meanwhile, has [moved closer to China](https:\/\/www.chathamhouse.org\/2025\/09\/china-using-sco-summit-and-victory-day-parade-showcase-its-vision-new-world-order) since the White House, piqued by New Delhi’s continued purchase of Russian oil, imposed tariffs up to 50 percent on Indian goods. In August, Prime Minister Narendra Modi [visited](https:\/\/www.nytimes.com\/2025\/08\/31\/briefing\/xi-modi-putin-summit-tianjin.html) China for the first time in seven years to attend a security and economic conference — a public display by India’s leader that his country has plenty of allies should the Trump administration continue to single it out for punishment.\n\nImage\n\n![](https:\/\/static01.nyt.com\/images\/2025\/10\/14\/multimedia\/14biz-trade-analysis-03-tpjh\/14biz-trade-analysis-03-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale)\n\nBeijing and Washington are pressuring nations to take sides. After U.S. lobbying, Mexico — a major buyer of Chinese cars — proposed a 50 percent tariff on them last month.Credit...Benedicte Desrus for The New York Times\n\nSince Mr. Trump took office, shifts in global trade policy have happened both at high speed and in slow motion, reverberating in broad and unpredictable ways.\n\nWhen Mr. Trump announced his plan this summer to slap [50 percent tariffs](https:\/\/www.nytimes.com\/2025\/06\/04\/business\/economy\/trump-tariffs-steel-aluminum.html?searchResultPosition=4) on most steel and aluminum coming into the United States, British steel makers felt lucky. Their government had already [struck a deal](https:\/\/www.nytimes.com\/2025\/05\/10\/business\/trump-uk-us-trade-steel.html?searchResultPosition=4) that their steel would be tariffed at only half that amount — 25 percent.\n\nBut the mood in Britain darkened considerably last week when the European Union announced its own set of punishing tariffs on steel imported into its 27-nation bloc. The policy delivered a gut punch to Britain’s steel industry, which sends nearly [80 percent](https:\/\/www.salford.ac.uk\/news\/eu-proposes-steel-tariff-cuts-uk-steel-industry-could-face-major-supply-chain-disruption#:~:text=%E2%80%9CCurrently%2C%20the%20EU%20is%20the,of%20all%20UK%20steel%20exports.) of its exports to the European Union.\n\nBritain, though, wasn’t the target of the policy — just a bystander to moves aimed at Beijing and Washington.\n\nThe 50 percent E.U. tariff was directed at China, which has been accused of [dumping underpriced steel](https:\/\/www.nytimes.com\/2025\/07\/25\/business\/steel-overcapacity-china.html) on the global market. The tax was also designed with an eye to putting the European Union in a better negotiating position with the United States.\n\n“The Union is ready to work with like-minded countries with a view to ring-fencing their economies from global overcapacity,” the European Union’s executive arm said last week. “We will continue exploring ways of working together with the U.S.”\n\nImage\n\n![](https:\/\/static01.nyt.com\/images\/2025\/10\/14\/multimedia\/14biz-trade-analysis-04-tpjh\/14biz-trade-analysis-04-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale)\n\nThe trade clash between the world’s two largest economies is rippling worldwide — ships made in China face U.S. tariffs when docking at American ports.Credit...Scott McIntyre for The New York Times\n\nThe protectionist impulse is also going viral, with Canada, Brazil and Mexico taking steps to shield their homegrown steel makers.\n\nDespite the frequent swerves in trade policy, though, the global economy will remain highly integrated, said [Lucrezia Reichlin](https:\/\/www.london.edu\/faculty-and-research\/faculty-profiles\/r\/reichlin-l), a professor at the London Business School, even as the center of gravity shifts toward Asia and away from the West.\n\nFor now, growth is slowing in both the [United States](https:\/\/www.nytimes.com\/2025\/07\/30\/business\/us-economy-grew-in-second-quarter-as-tariffs-scrambled-data.html) and [China](https:\/\/www.nytimes.com\/2025\/08\/15\/business\/china-economy-july-tariffs.html), while a pervasive unpredictability characterizes the short- and long-term outlooks.\n\nMr. Portes at the London Business School summed up the dynamic between the world’s two largest economies: “China has stable, clear and determined objectives. The Trump administration changes from day to day, in its views and its policies.”\n\n“The degree of uncertainty is huge,” he added, “and that has consequences for the global economy.”\n\nJeanna Smialek contributed reporting from Brussels.\n\n[Patricia Cohen](https:\/\/www.nytimes.com\/by\/patricia-cohen) writes about global economics for The Times and is based in London.\n\nA version of this article appears in print on Oct. 15, 2025, Section B, Page 1 of the New York edition with the headline: U.S.-China Trade War’s Ripple Effects. [Order Reprints](https:\/\/nytimes.wrightsmedia.com\/) \\| [Today’s Paper](https:\/\/www.nytimes.com\/section\/todayspaper) \\| [Subscribe](https:\/\/www.nytimes.com\/subscriptions\/Multiproduct\/lp8HYKU.html?campaignId=48JQY)\n\nSee more on: [Donald Trump](https:\/\/www.nytimes.com\/spotlight\/donald-trump), [International Monetary Fund](https:\/\/www.nytimes.com\/topic\/organization\/international-monetary-fund)\n\nRead 296 comments\n\n- Share full article\n- 296\n\n## Related Content\n### [More in Economy](https:\/\/www.nytimes.com\/section\/business\/economy)\n- [Trump Said He’d Unleash the Economy in Year 1. Here’s How He Did.](https:\/\/www.nytimes.com\/interactive\/2026\/01\/19\/business\/economy\/trump-economy.html)\n  \n  ![](https:\/\/static01.nyt.com\/images\/2026\/01\/16\/business\/2026-01-08-econ-year-index\/2026-01-08-econ-year-index-square640-v8.png?quality=75&auto=webp&disable=upscale)\n  \n  Jacqueline Gu\/The New York Times\n- [At a Seattle Port Rocked by Tariffs, There Were 70 Jobs for 600 Workers](https:\/\/www.nytimes.com\/2026\/01\/19\/us\/politics\/seattle-dock-workers-tariffs-trump.html)\n  \n  ![Since August, the monthly drop in traffic has been in the double digits compared to 2024. There was no pre-Christmas rush.](https:\/\/static01.nyt.com\/images\/2026\/01\/18\/multimedia\/00nat-50states-washington-zlqv\/00nat-50states-washington-zlqv-square640.jpg?quality=75&auto=webp&disable=upscale)\n- [An Idaho City Loses a Source of New Workers, After Cuts to Refugee Admissions](https:\/\/www.nytimes.com\/2026\/01\/19\/us\/politics\/twin-falls-idaho-afrikaners-trump.html)\n  \n  ![A service in Swahili at Twin Falls Church of the Nazarene.](https:\/\/static01.nyt.com\/images\/2026\/01\/17\/multimedia\/00Nat-50states-Idaho-fgmj\/00Nat-50states-Idaho-fgmj-square640-v2.jpg?quality=75&auto=webp&disable=upscale)\n- [As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It](https:\/\/www.nytimes.com\/2026\/01\/14\/business\/economy\/housing-pulte-fannie-freddie.html)\n  \n  ![The Federal Housing Finance Agency has been repealing rules, firing teams of people focused on fair lending and climate risk, and reducing the agency’s focus on low-income home buyers.](https:\/\/static01.nyt.com\/images\/2026\/01\/08\/multimedia\/00biz-housing-qvbf\/00biz-housing-qvbf-square640.jpg?quality=75&auto=webp&disable=upscale)\n  \n  Callaghan O'Hare for The New York Times\n\n### Editors’ Picks\n- [Her Life Was an Old-Money Dream. 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URL	https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html
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Meta Title	Trump’s Trade War With China Catches the World in Its Crossfire - The New York Times
Meta Description	Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways.
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Boilerpipe Text	Advertisement SKIP ADVERTISEMENT News Analysis Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways. President Trump has imposed 50 percent tariffs on most steel and aluminum coming into the United States, and some other countries have followed with steel levies of their own. Credit... Desiré van den Berg for The New York Times Oct. 14, 2025 One of the world’s main number crunchers released its latest economic report on Tuesday. But the middling forecast from the International Monetary Fund doesn’t begin to capture the helter-skelter ride the global economy is on. Even as the I.M.F. was preparing its report, a flurry of developments were already altering the picture. New U.S. tariffs on imported wood, furniture and kitchen cabinets that are expected to drive up the cost of home building took effect on Tuesday. So did the opening round of higher port entry fees that China and the United States will impose on each other’s vessels. Tuesday’s turn of the trade wheel was just one click in a series of repercussions set in motion by President Trump’s vow to smash the world’s economic order. More will follow. Last week, Beijing decided to sharply step up curbs on its export of rare earth metals, materials that are essential for the manufacturing of semiconductors, cellphones, wind turbines and nearly every other modern gadget. New restrictions on equipment needed to produce batteries for electric cars are also scheduled to take effect next month. Mr. Trump’s initial fury softened over the weekend, after his response led to the sharpest decline in stocks since April, when the president’s initial barrage of tariffs was announced. Still, his threat to slap an additional 100 percent tariff on Chinese imports was left dangling. Image U.S.-China trade tensions are rippling globally, with China’s export limits hitting European automakers and U.S. tariffs on Chinese-made ships affecting foreign carriers docking in America. Credit... Erin Schaff/The New York Times “The U.S.-China relationship is highly volatile,” said Richard Portes , a professor at the London Business School. “One doesn’t really know what to expect from one day to the next, and that is typical of the current administration.” Why is this story labeled ‘News Analysis’? In this format, reporters with deep experience in the subject draw on their expertise to help you better understand an event. They step back from the breaking news to evaluate its significance and possible ramifications, but they may not inject their personal opinions. The souped-up tension between the two economic superpowers is catching other countries — that is, almost every country — in the crossfire. China’s restrictions on metals and magnets, for instance, would affect European automakers that use those materials and ship them across borders within Europe. And the levies on ships made in China apply even to non-Chinese shipping companies stopping at American ports. On Tuesday, the Chinese government ratcheted up the retaliation by adding five American subsidiaries of the South Korean shipping company Hanwha to its sanctions list, accusing the subsidiaries of “supporting and assisting” the United States in its moves in the shipbuilding industry. Beijing and Washington are also essentially pressuring nations around the globe to take sides. Mexico, one of the world’s biggest buyers of Chinese cars, proposed a 50 percent tariff last month on those vehicles after heavy lobbying from the Trump administration. India, meanwhile, has moved closer to China since the White House, piqued by New Delhi’s continued purchase of Russian oil, imposed tariffs up to 50 percent on Indian goods. In August, Prime Minister Narendra Modi visited China for the first time in seven years to attend a security and economic conference — a public display by India’s leader that his country has plenty of allies should the Trump administration continue to single it out for punishment. Image Beijing and Washington are pressuring nations to take sides. After U.S. lobbying, Mexico — a major buyer of Chinese cars — proposed a 50 percent tariff on them last month. Credit... Benedicte Desrus for The New York Times Since Mr. Trump took office, shifts in global trade policy have happened both at high speed and in slow motion, reverberating in broad and unpredictable ways. When Mr. Trump announced his plan this summer to slap 50 percent tariffs on most steel and aluminum coming into the United States, British steel makers felt lucky. Their government had already struck a deal that their steel would be tariffed at only half that amount — 25 percent. But the mood in Britain darkened considerably last week when the European Union announced its own set of punishing tariffs on steel imported into its 27-nation bloc. The policy delivered a gut punch to Britain’s steel industry, which sends nearly 80 percent of its exports to the European Union. Britain, though, wasn’t the target of the policy — just a bystander to moves aimed at Beijing and Washington. The 50 percent E.U. tariff was directed at China, which has been accused of dumping underpriced steel on the global market. The tax was also designed with an eye to putting the European Union in a better negotiating position with the United States. “The Union is ready to work with like-minded countries with a view to ring-fencing their economies from global overcapacity,” the European Union’s executive arm said last week. “We will continue exploring ways of working together with the U.S.” Image The trade clash between the world’s two largest economies is rippling worldwide — ships made in China face U.S. tariffs when docking at American ports. Credit... Scott McIntyre for The New York Times The protectionist impulse is also going viral, with Canada, Brazil and Mexico taking steps to shield their homegrown steel makers. Despite the frequent swerves in trade policy, though, the global economy will remain highly integrated, said Lucrezia Reichlin , a professor at the London Business School, even as the center of gravity shifts toward Asia and away from the West. For now, growth is slowing in both the United States and China , while a pervasive unpredictability characterizes the short- and long-term outlooks. Mr. Portes at the London Business School summed up the dynamic between the world’s two largest economies: “China has stable, clear and determined objectives. The Trump administration changes from day to day, in its views and its policies.” “The degree of uncertainty is huge,” he added, “and that has consequences for the global economy.” Jeanna Smialek contributed reporting from Brussels. Patricia Cohen writes about global economics for The Times and is based in London. A version of this article appears in print on Oct. 15, 2025 , Section B, Page 1 of the New York edition with the headline: U.S.-China Trade War’s Ripple Effects . Order Reprints \| Today’s Paper \| Subscribe Related Content More in Economy Jacqueline Gu/The New York Times Callaghan O'Hare for The New York Times Editors’ Picks Bill Cunningham/The New York Times Laura Elliott/The Seattle Times, via Associated Press Trending in The Times Dustin Chambers for The New York Times NBC The New York Times Image by Markus Schreiber/Associated Press Charlie Riedel/Associated Press Ilia Yefimovich/Agence France-Presse — Getty Images Hiroko Masuike/The New York Times Erik Carter Erik Owen Warner Bros. Advertisement SKIP ADVERTISEMENT
Markdown	[Skip to content](https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html#site-content)[Skip to site index](https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html#site-index) Search & Section Navigation Section Navigation Search [Economy](https://www.nytimes.com/section/business/economy) [Log in](https://myaccount.nytimes.com/auth/login?response_type=cookie&client_id=vi&redirect_uri=https%3A%2F%2Fwww.nytimes.com%2Fsubscription%2Fonboarding-offer%3FcampaignId%3D7JFJX%26EXIT_URI%3Dhttps%253A%252F%252Fwww.nytimes.com%252F2025%252F10%252F14%252Fbusiness%252Feconomy%252Fus-china-trade-tariffs-global-economy.html&asset=masthead) Friday, January 23, 2026 [Today’s Paper](https://www.nytimes.com/section/todayspaper) Tariffs and Trade - [Tariff Tracker](https://www.nytimes.com/interactive/2025/07/28/business/economy/trump-tariff-tracker.html) - [Trade Chaos](https://www.nytimes.com/2026/01/22/us/politics/trump-trade-chaos.html) - [U.S. Tariffs on Switzerland](https://www.nytimes.com/2026/01/21/us/politics/trump-switzerland-tariffs-personal-friction.html) - [Possible Supreme Court Ruling](https://www.nytimes.com/2026/01/20/us/politics/trump-tariffs-supreme-court.html) - [U.S.-Taiwan Agreement](https://www.nytimes.com/2026/01/15/business/taiwan-trade-deal.html) Advertisement [SKIP ADVERTISEMENT](https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html#after-top) Supported by [SKIP ADVERTISEMENT](https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html#after-sponsor) News Analysis # Trump’s Trade War With China Catches the World in Its Crossfire Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways. - Share full article - 296 ![](https://static01.nyt.com/images/2025/10/14/multimedia/14biz-trade-analysis-01-tpjh/14biz-trade-analysis-01-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale) President Trump has imposed 50 percent tariffs on most steel and aluminum coming into the United States, and some other countries have followed with steel levies of their own.Credit...Desiré van den Berg for The New York Times [![Patricia Cohen](https://static01.nyt.com/images/2018/02/16/multimedia/author-patricia-cohen/author-patricia-cohen-thumbLarge-v3.png)](https://www.nytimes.com/by/patricia-cohen) By [Patricia Cohen](https://www.nytimes.com/by/patricia-cohen) Patricia Cohen writes about the global economy from London. Oct. 14, 2025 [阅读简体中文版](https://cn.nytimes.com/business/20251015/us-china-trade-tariffs-global-economy/ "Read in Simplified Chinese")[閱讀繁體中文版](https://cn.nytimes.com/business/20251015/us-china-trade-tariffs-global-economy/zh-hant/ "Read in Traditional Chinese") One of the world’s main number crunchers released its latest economic report on Tuesday. But the [middling forecast](https://www.nytimes.com/2025/10/14/business/imf-report-economy-trade-inflation.html) from the International Monetary Fund doesn’t begin to capture the helter-skelter ride the global economy is on. Even as the I.M.F. was preparing its report, a flurry of developments were already altering the picture. [New U.S. tariffs](https://www.nytimes.com/2025/10/14/business/economy/trump-tariffs-lumber-furniture-china.html) on imported wood, furniture and kitchen cabinets that are expected to drive up the [cost of home building](https://www.nytimes.com/2025/10/02/business/tariffs-lumber-furniture-housing-crisis.html?searchResultPosition=3) took effect on Tuesday. So did the opening round of [higher port entry fees](https://www.nytimes.com/2025/10/14/business/china-shipping-us-ports.html) that China and the United States will impose on each other’s vessels. Tuesday’s turn of the trade wheel was just one click in a series of repercussions set in motion by President Trump’s vow to smash the world’s economic order. More will follow. Last week, Beijing decided to sharply step up curbs on its export of [rare earth metals,](https://www.nytimes.com/2025/10/09/business/china-rare-earth-exports.html) materials that are essential for the manufacturing of semiconductors, cellphones, wind turbines and nearly every other modern gadget. New restrictions on equipment needed to produce batteries for electric cars are also scheduled to take effect next month. Mr. Trump’s initial fury softened over the weekend, after his response led to the sharpest decline in stocks since April, when the president’s initial barrage of tariffs was announced. Still, his threat to slap an additional 100 percent tariff on Chinese imports was left dangling. Image ![](https://static01.nyt.com/images/2025/10/14/multimedia/14biz-trade-analysis-02-tpjh/14biz-trade-analysis-02-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale) U.S.-China trade tensions are rippling globally, with China’s export limits hitting European automakers and U.S. tariffs on Chinese-made ships affecting foreign carriers docking in America.Credit...Erin Schaff/The New York Times “The U.S.-China relationship is highly volatile,” said [Richard Portes](https://www.london.edu/faculty-and-research/faculty-profiles/p/portes-r), a professor at the London Business School. “One doesn’t really know what to expect from one day to the next, and that is typical of the current administration.” Why is this story labeled ‘News Analysis’? In this format, reporters with deep experience in the subject draw on their expertise to help you better understand an event. They step back from the breaking news to evaluate its significance and possible ramifications, but they may not inject their personal opinions. The [souped-up tension](https://www.nytimes.com/live/2025/10/14/us/trump-news/0c1360f9-99bf-526b-a4a1-4267869b191d?smid=url-share) between the two economic superpowers is catching other countries — that is, almost every country — in the crossfire. China’s restrictions on metals and magnets, for instance, would affect European automakers that use those materials and ship them across borders within Europe. And the levies on ships made in China apply even to non-Chinese shipping companies stopping at American ports. On Tuesday, the Chinese government ratcheted up the retaliation by adding [five American subsidiaries](https://www.nytimes.com/2025/10/14/business/china-shipping-us-ports.html) of the South Korean shipping company Hanwha to its sanctions list, accusing the subsidiaries of “supporting and assisting” the United States in its moves in the shipbuilding industry. ## Editors’ Picks [![](https://static01.nyt.com/images/2026/01/13/well/13WELL-LEAST-EXERCISE/13WELL-LEAST-EXERCISE-thumbLarge.jpg)How Little Exercise Can You Get Away With?](https://www.nytimes.com/2026/01/13/well/move/minimum-exercise-advice.html) [![](https://static01.nyt.com/images/2026/01/18/magazine/18mag-LOR/18mag-LOR-thumbLarge.jpg)Forget the Cynics. Here’s Why You Should Get Your Dog a Stroller.](https://www.nytimes.com/2026/01/13/magazine/dog-stroller-recommendation.html) [![](https://static01.nyt.com/images/2026/01/14/podcasts/14modernlove-podcast-belle-burden/14modernlove-podcast-belle-burden-thumbLarge-v4.png)Inside an Exploding Marriage: Belle Burden in Her Own Words](https://www.nytimes.com/2026/01/14/podcasts/belle-burden-husband-strangers.html) Advertisement [SKIP ADVERTISEMENT](https://www.nytimes.com/2025/10/14/business/economy/us-china-trade-tariffs-global-economy.html#after-pp_edpick) Beijing and Washington are also essentially pressuring nations around the globe to take sides. Mexico, one of the world’s biggest buyers of Chinese cars, proposed [a 50 percent](https://www.ft.com/content/677df57b-6c83-48c6-9ec5-57bd0eb4693f) tariff last month on those vehicles after heavy lobbying from the Trump administration. India, meanwhile, has [moved closer to China](https://www.chathamhouse.org/2025/09/china-using-sco-summit-and-victory-day-parade-showcase-its-vision-new-world-order) since the White House, piqued by New Delhi’s continued purchase of Russian oil, imposed tariffs up to 50 percent on Indian goods. In August, Prime Minister Narendra Modi [visited](https://www.nytimes.com/2025/08/31/briefing/xi-modi-putin-summit-tianjin.html) China for the first time in seven years to attend a security and economic conference — a public display by India’s leader that his country has plenty of allies should the Trump administration continue to single it out for punishment. Image ![](https://static01.nyt.com/images/2025/10/14/multimedia/14biz-trade-analysis-03-tpjh/14biz-trade-analysis-03-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale) Beijing and Washington are pressuring nations to take sides. After U.S. lobbying, Mexico — a major buyer of Chinese cars — proposed a 50 percent tariff on them last month.Credit...Benedicte Desrus for The New York Times Since Mr. Trump took office, shifts in global trade policy have happened both at high speed and in slow motion, reverberating in broad and unpredictable ways. When Mr. Trump announced his plan this summer to slap [50 percent tariffs](https://www.nytimes.com/2025/06/04/business/economy/trump-tariffs-steel-aluminum.html?searchResultPosition=4) on most steel and aluminum coming into the United States, British steel makers felt lucky. Their government had already [struck a deal](https://www.nytimes.com/2025/05/10/business/trump-uk-us-trade-steel.html?searchResultPosition=4) that their steel would be tariffed at only half that amount — 25 percent. But the mood in Britain darkened considerably last week when the European Union announced its own set of punishing tariffs on steel imported into its 27-nation bloc. The policy delivered a gut punch to Britain’s steel industry, which sends nearly [80 percent](https://www.salford.ac.uk/news/eu-proposes-steel-tariff-cuts-uk-steel-industry-could-face-major-supply-chain-disruption#:~:text=%E2%80%9CCurrently%2C%20the%20EU%20is%20the,of%20all%20UK%20steel%20exports.) of its exports to the European Union. Britain, though, wasn’t the target of the policy — just a bystander to moves aimed at Beijing and Washington. The 50 percent E.U. tariff was directed at China, which has been accused of [dumping underpriced steel](https://www.nytimes.com/2025/07/25/business/steel-overcapacity-china.html) on the global market. The tax was also designed with an eye to putting the European Union in a better negotiating position with the United States. “The Union is ready to work with like-minded countries with a view to ring-fencing their economies from global overcapacity,” the European Union’s executive arm said last week. “We will continue exploring ways of working together with the U.S.” Image ![](https://static01.nyt.com/images/2025/10/14/multimedia/14biz-trade-analysis-04-tpjh/14biz-trade-analysis-04-tpjh-articleLarge.jpg?quality=75&auto=webp&disable=upscale) The trade clash between the world’s two largest economies is rippling worldwide — ships made in China face U.S. tariffs when docking at American ports.Credit...Scott McIntyre for The New York Times The protectionist impulse is also going viral, with Canada, Brazil and Mexico taking steps to shield their homegrown steel makers. Despite the frequent swerves in trade policy, though, the global economy will remain highly integrated, said [Lucrezia Reichlin](https://www.london.edu/faculty-and-research/faculty-profiles/r/reichlin-l), a professor at the London Business School, even as the center of gravity shifts toward Asia and away from the West. For now, growth is slowing in both the [United States](https://www.nytimes.com/2025/07/30/business/us-economy-grew-in-second-quarter-as-tariffs-scrambled-data.html) and [China](https://www.nytimes.com/2025/08/15/business/china-economy-july-tariffs.html), while a pervasive unpredictability characterizes the short- and long-term outlooks. Mr. Portes at the London Business School summed up the dynamic between the world’s two largest economies: “China has stable, clear and determined objectives. The Trump administration changes from day to day, in its views and its policies.” “The degree of uncertainty is huge,” he added, “and that has consequences for the global economy.” Jeanna Smialek contributed reporting from Brussels. [Patricia Cohen](https://www.nytimes.com/by/patricia-cohen) writes about global economics for The Times and is based in London. A version of this article appears in print on Oct. 15, 2025, Section B, Page 1 of the New York edition with the headline: U.S.-China Trade War’s Ripple Effects. [Order Reprints](https://nytimes.wrightsmedia.com/) \\| [Today’s Paper](https://www.nytimes.com/section/todayspaper) \\| [Subscribe](https://www.nytimes.com/subscriptions/Multiproduct/lp8HYKU.html?campaignId=48JQY) See more on: [Donald Trump](https://www.nytimes.com/spotlight/donald-trump), [International Monetary Fund](https://www.nytimes.com/topic/organization/international-monetary-fund) Read 296 comments - Share full article - 296 ## Related Content ### [More in Economy](https://www.nytimes.com/section/business/economy) - [Trump Said He’d Unleash the Economy in Year 1. 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