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China has reportedly grounded Boeing as payback for Trump's tariffs, halting further deliveries of Boeing jets and purchases of aircraft equipment from US companies. China has already halted exports of critical rare earth minerals. In response to US tariffs, China insists it will persevere and expand its trade circle, even approaching India, Australia, and Saudi Arabia to form an axis against The US. China warned, "if war is what The US wants...we're ready to fight till the end."
Pundits warn tariffs could eliminate 740,000 US jobs by 2025. Prices for apparel, electronics, and consumer goods will rise, and China's retaliatory tariffs jeopardize a $16 billion export market in agriculture. While tariffs incentivize re-shoring, 95% of some goods rely on Asian manufacturing, and higher import costs could exacerbate inflation. Much of what is labeled "Made in USA" or "Made in France" contains components manufactured in China. Economists warn this trade war could result in a recession.