While many countries are striving to close the tariff agreements with US President Donald Trump, China wakes up against him, hoping to convert the “crisis into an opportunity.”
On Tuesday morning, the Ministry of Commerce promised local time, “firmly contracting with the protection of their rights and interests” if the American tools threaten definitions.
“The American threat to increased customs tariffs in China is an error after another that again exposes the black nature. China will never accept it. If the United States insists on its own way, China will fight to the end,” the statement said.
Within 48 hours after Trump announced its prices on Wednesday (2), the world’s second largest economy took revenge quickly with his American products and companies.
Now it sends a clear message: China is well ready to face a trade war – and it goes out on the other side.
The situation was broadcast by the Chinese government during the weekend and cloned later on Tuesday.
“The American tariff (in China) will affect, but” the sky will not fall. “
“Since the United States (first) started the trade war in 2017-it does not matter how the United States is fighting or pressing development and progress, and showing flexibility-the more we receive more pressure, the stronger we are.”
Trump has already expressed his dissatisfaction with Beijing’s response, as it threatens Monday greatly increasing the trade war between the largest economists in the world Apply additional rates by 50 % to Chinese imports If the Asian state does not remove revenge definitions until Tuesday.
The US president also said that the Chinese “required meetings” with the United States will be canceled.
tariff
Trump revealed on Wednesday an additional rate of 34 % on all Chinese products imported to the United States of AmericaRaising taxes on all Chinese imports of the United States forever More than 54 % When current rates enter into force.
Beijing’s reaction was on Friday (4) with its basic rates of 34 % on all American imports, as well as other measures, including rare land export controls and commercial restrictions on companies in the United States.
Beijing has long criticized the customs tariff as “unilateral intimidation”. Your last discourse can be an advertisement immediately to calm the potential nervousness at home – and a project of confidence for the rest of the world.
But he also talks about what the strategic account of Chinese leader Xi Jinping and his paintings in Beijing can be that Trump does not use customs tariff only as a commercial tactic – The epic interruption of global trade has the ability to harm the United States more than China.
Ryan Haas, the first researcher in the United States, wrote that many colleagues (from the People’s Republic of China) Thought tank The Brookings Institute, based in Washington, on the social media platform X on Sunday, after meetings with government authorities, academics and business leaders during a visit to China.
“There is a discussion about whether the world is entering a mass or transition to the era of globalization without the United States. It seems that Beijing prefers the last scenario,” adding that “China leaders will not tolerate the obligations in response to the United States.”
Ready to compete
Since Trump’s tariff targets friends and enemies, in recent weeks, Chinese authorities have tried to advance in China as an alternative defender and protection for a globalized economy that has increased the prosperity of countries around the world, as well as a stable economic partner and a commercial paradise.
“Like the second largest economy in the world and the second largest market for consumers, China will continue to open its doors, regardless of the changes in the international scenario,” the Chinese Foreign Ministry said in a statement on Saturday (5) regardless of the changes in the international scenario.
On Sunday, Ling Ji, Deputy Minister of Commerce Minister of China, received representatives of 20 US -funded companies, including Tesla and GE Healthcare, according to a statement issued by the ministry.
Ling praised China as a “ideal, safe and promise” place for investments, with American companies attracted “to be rational voices” and “taking practical measures” to maintain the stability of global production and supply chains.
On Saturday, economic experts who speak to Chinese state broadcaster CCTV also addressed the idea that commercial reformulation was an opportunity for Beijing.
“China sends an important message to the world: We cannot retreat or bear the intimidation of the United States, because tolerance ends up to more intimidation,” to the boat.
“China and the United States are now direct competitors in reformulating the international system,” said Joe Jiandong, a professor at the People’s Bank of China in Tsinghwa.
“We are ready to take over the challenge – we are ready to compete with the United States to redefine the new World Trade System.”
China’s business partners will likely receive some doubts.
Beijing is famous for using access to its huge market as a weapon for countries, and is often the political positions that angered Beijing.
Many will also be careful with the possibility of Chinese exports that flood their own markets, which will harm their local production or reduce consumer prices.
But countries may have no choice but to try to strengthen relations with China if the American definitions, which affect both American allies and competitors, become new.
Last month, Beijing maintained economic negotiations with Japan and South Korea, which targeted 24 % and 25 %, respectively, last week, and also with the European Union (the European Union), which received 20 % rates.
Several East Asian economies – important manufacturing centers for companies that seek to diversify away from China – have been particularly exposed to Trump’s tariff war. Although a few want to fight with Washington publicly, the area is shaken.
In Singapore, the very connected free trade stronghold known for his followers in a cautious diplomatic line, Prime Minister Lawrence Wong spared no criticism of a message to his colleague at the weekend.
He said: “The last announcement of the American Liberation Day leaves a small margin of doubt.” “It represents a seismic change in the world order. The era of trade -based trade and free trade has ended. We are entering a new, more arbitrary, feverish and dangerous stage.”
Home Challenges
China, however, is still preparing to influence – and additional capabilities.
Last year, the total trade between the United States and China reached about half a trillion, and definitions occur at a time when China saw some of the economic vitality after years dealing with a crisis in real estate, the height of local governments and the consequences of Beijing controls on the item.
Last month, the government announced a number of measures to accelerate local consumption because it provides for the influence of its export growth.
Now China will strengthen local consumption strongly with unusual efforts … and offer a series of reserve policies as necessary, “according to the commentary of the people’s notes.
However, unlike many other countries, the way the Communist Party faces these challenges, and its tolerance is not judged with economic pain through opinion polls or voters who can get it out of power in the way it faces the challenge.
“The new 34 % average will affect the Chinese gross domestic product at at least 0.7 percentage points this year,” Goldman Sachs analysts will lead in a memorandum on Sunday, expecting China’s policies to formulate “to accelerate the standards of flexibility” to achieve the goal of growth “about 5 %” last month.
But analysts “faster and less contained” in China this time increased the risk of climbing the new customs tariffs on both sides.
To what extent can the trade war between the two largest economies reach, still unknown, with both governments and still can increase sanctions.
The more it does, the more it is difficult for the world’s largest economy to find a way out.
With information from Joyce Jiang, from CNN Internetal
