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Comprehensive report on April 24, 2025, the US plans to reduce tariffs on China from 145% to 50%-65% in phases, introducing tiered taxation. This move is due to the triple pressure of the US facing domestic economic backlash, supply chain reconstruction difficulties, and international alliance centrifugal forces. China responded that "both fighting and talking are ready", the market is positive in the short term but there are long-term concerns. The essence of the tariff war is a collision of the strength of major powers.
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