How Will Forex Markets Handle the US-China Trade War? The forex market thrives on global macroeconomic shifts, and few events shake the system more than a trade war between the world’s two largest economies. As of 2025, the United States and China have re-entered a period of escalating trade tensions, with the U.S. imposing new tariffs of up to 145% on Chinese imports, and China retaliating with tariffs of up to 125% on U.S. goods....