US EditionTrump Hands China a Big Opening
- Beijing vowed to take countermeasures against new US tariffs and urged for dialogue to resolve trade frictions with Washington.
- On April 2, the US announced a new 34 percent tariff on Chinese goods, set to take effect on April 9, along with ending a duty-free exemption for low-value imports from China under $800.
- The Chinese Commerce Ministry criticized the US tariffs as based on 'subjective and unilateral assessments' that violate international trade rules, calling it 'unilateral bullying'.
- Analysts expect China to retaliate soon, believing the increasing tariffs signal a protracted trade conflict rather than a resolution.
3 Articles
3 Articles
How tariffs will benefit China
Donald Trump is, at least, a man of his word. Before he won the election, Trump said that China had “really taken advantage of our country” and vowed to slap punitive tariffs on imports from the People’s Republic. As we have repeatedly seen, Trump carries through on his threats. “Liberation Day” saw China hit with 54 percent tariffs as payback for what the President deemed unfair policies, the highest rate on any country. That this is part of a …
Trump Hands China a Big Opening
“Donald Trump’s decision to boost tariffs on almost every country will deal a blow to China’s economy. But it’s also handing Xi Jinping a rare opening to deepen relationships across the board, including with key US allies in Asia and beyond,” Bloomberg reports. “Chinese officials moved quickly on Thursday to align with other nations after Trump unveiled America’s steepest tariffs in a century.”
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