Trump proclaims tariff increase, EU ban on China firms: 5 weekend reads
South China Morning Post
by SCMPFebruary 23, 2026
AI-Generated Deep Dive Summary
US President Donald Trump has announced a significant increase in US global tariffs, raising them from 10% to 15%. This move comes as part of an ongoing trade strategy that has been a focal point of his administration. Meanwhile, the European Union (EU) has taken steps to restrict Chinese organizations from participating in Horizon Europe grants related to critical technologies such as artificial intelligence and chip development.
The EU's decision reflects growing concerns over technology competition and security. By barring most Chinese entities from applying for Horizon Europe funding in these sectors, the EU aims to safeguard its technological edge and reduce reliance on foreign innovation. This move could have significant implications for global tech collaboration and competition, particularly between the US, China, and the EU.
Additionally, Trump's tariff hike underscores his administration's protectionist approach to trade. The increase is expected to impact various industries, potentially leading to higher costs for consumers and businesses alike. While some argue that this could protect American industries, others warn of potential retaliatory measures from trading partners, including China.
These developments highlight the shifting dynamics in international trade and technology policy. As global leaders navigate complex relationships and economic strategies, such decisions will likely shape future trade agreements and technological advancements. Readers interested in world affairs will want to stay informed about these moves, as they could influence global markets, diplomatic relations, and the pace of innovation worldwide.
In summary, Trump's tariff increase and the EU's ban on Chinese firms demonstrate a broader trend of countries reevaluating their trade policies and technology partnerships. These actions not only impact specific industries but also reflect larger geopolitical strategies aimed at maintaining economic and technological competitiveness in an increasingly interconnected world.
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Originally published on South China Morning Post on 2/23/2026