China Tariff
US President Donald Trump said on Tuesday that he was not in a hurry to talk to Chinese President Xi Jinping to try to define a new trade war between the world’s two largest economies.
The Chinese Foreign Ministry on Wednesday called for an additional 10% interaction between China and the United States as an additional 10% in the US tariffs on all Chinese products.
In response to the latest American tariff, China has announced a counter-tariff of up to 15% on some US imports starting on February 10, trying to make a deal to buy Washington and Beijing time.
At a regular news conference, Chinese Foreign Ministry spokesman Lynn Gian said, “Now what is needed is not a unilateral, additional tariff, but is dialogue and consultation based on equality and mutual honor.”
A new round of interaction between Trump and Chinese President Xi Jinping, constructed on their final telephone calls two weeks ago, is seen as important for the potential ease or delay of American tariffs as interaction with Mexican and Canadian leaders Had done it in his dialects on Monday. Avoid American tariffs on Mexican and Canadian goods.
Trump has also canceled the so-called “de minimis” discount on the US tariff on the inbound shipment, which has further tightened the arrival of sugar goods.
The discount allowed goods worth $ 800 or less to be sent to the United States without paying import duties, many of which come from mainland China and Hong Kong.
The International Monetary Fund, which warned last month that a spike could hit investment in conservationist policies and disrupt the supply chains, said it “to solve disagreement and enabling business To find creative methods for. ”
Tariff War of Trump
The signs of another cold war are clear – such as the tariff war of Trump in both words; The role of China in creating BRICS to combat the G7 of the West; China’s Belt and Road Initiative (BRI); And China, Russia, Iran and North Korea-anti-opposing cooperation.
In addition, China’s silent support for Russia in the Ukraine War; America proceeded to approve Russia; And Beijing and Moscow formed a team as part of a ‘de-dervious’ drive to bypass the dollar and operate bilateral trade in the yuan and rubles.
We are also seeing a growing tight-for-tat chip war; A race for advancement in AI technology; An intense quarrel for space exploration; And the United States has deployed a dog in South Korea, Israel, Romania, and UAE against the wishes of China and Russia.
Cold War II The world is feeling cold, as the previous one had done with several geographical flashpoints at the same time.
For example, Taiwan, Xinjiang, Hong Kong, Tibet, and the South China Sea take the Hawkish position of Washington on disputes. The US is using this collective of flashpoints to tie China.
There are some other flashpoints-such as the Okus Security Treaty between the US, Britain and Australia which targets Indo-Pacific domination; Growing Chinese and Russian footprints in Africa; China’s deep connection with Afghanistan and the Gulf; And recently, the India-China border melting under stress, two major BRICS members.
This new Cold War has a full-spectrum face-off between the US-led Western Block and China-led East Block, which reminds us of the US-USSR confrontation.
Finally, despite the enmity, two superpowers are economically interdened to dickuping on full-prime and a fully developed war.
China’s miracle export story depends on access to American markets. China is the largest holder of the US Treasury Bill. American firms rapidly see China as a growing market. And both countries need each other as important supply chains when it comes to advanced technology.
America and China are deeply dependent, it is an uncomfortable contradiction of this Cold War.
Trump’s combative will continue. So what will be the retaliation and developing tricks of China. Only time will answer how the two rivals will handle the new Cold War when it becomes more frightening, more frightening and more bitter in 2025.