Countries around the world are deepening trade and investment ties with each other as the United States continues to draw lines between itself and its trade partners.

On April 5, the Trump administration imposed a 10 percent tariff on almost all foreign imports to the United States — excluding Canada and Mexico. Four days later, it enacted individualized reciprocal tariffs exceeding 10 percent on imports from countries with which the United States has the largest trade deficits, further fueling fears of retaliation.

These fears are not unfounded, given that China, the world’s second-largest economy, has now raised its tariffs on U.S. products from 84 percent to 125 percent. This was in response to Trump imposing a 54 percent tariff on imports Chinese products at the beginning of April, before being increased to the current 145 percent rate at the time of writing.

“The U.S. side’s imposition of excessively high tariffs on China seriously violates internat