Beijing is actively preparing for the economic war for fatigue and confidence in his success, the media wrote.
US duties for all countries will be temporarily reduced to 10%, and only for China the tariffs will not only remain at an increase in level, but immediately increased to 125%. This was stated on Wednesday, April 9, President Donald Trump.
He explained his decision to the fact that more than 75 countries turned to him for negotiations with tariffs and did not take any steps in response.
Note that in the morning Trump played the countries who had tried to agree with trade agreements with the United States.
“They called me and kissed me on the ass … They died to make a deal. They said:” Please, sir, do a deal, I will do everything, I will do everything, sir, “said the American leader.
Destruction of relationships
Earlier on Wednesday, China said it would increase duties to American goods by 84%, deepening the trade war between the two investigations.
Beijing also imposes restrictions on 18 other American companies associated with defense sectors. This step was taken after Trump combined his threat to introduce an additional 50% of the role for China if he did not cancel the appropriate fees from the United States, to raise the total new roles of the United States to Chinese goods this year up to 104%.
In response, Beijing has announced that it will also increase taxes on American goods by 50%, increasing an increase of 34%, which has previously been announced and must be fulfilled on Thursday.
“The increasing US roles against China is a mistake at the top of a mistake that seriously violates China’s legitimate rights and interests and seriously a multilateral trading system based on policies,” the country said.
Remember that Trump introduced the “mutual” duties for twelve countries he accused of “tears” in the United States by selling goods to the largest consumer economy in the world, while maintaining trade barriers that prevent the access of American companies in the market.
At the same time, he dedicates China with the strongest taxes, creating the basis for confrontation between the two leading economies in the world.
As a sign that bilateral ties may worsen, the Chinese Ministry of Culture and Tourism late at night on Wednesday released recommendations for traveling for citizens visiting the United States, citing a recent “destruction” of economic and trade relations. After that, the Chinese Ministry of Education warned students who were planning to study in Ohio, about the “negative” provisions related to Beijing contained in the American Education Bill.
War of character
China prepares for economic war for fatigue, trying to capture other markets in Asia, Europe and the world, writers write.
As the agency recalled, in the first term Trump Beijing failed US financial companies, delayed applications for licenses and conducting attacks on offices.
“But this time, Beijing may not fall into the same game, as he is trying to attract new foreign investments to accelerate economic restoration. However, Chinese politicians have assured themselves to compete with the Trump administration for the second time,” the media added.
Journalists also argue that the ordinary Chinese has begun to express their concerns about a trade war in the United States. In addition, Beijing has begun to conclude some content related to Internet tariffs, and hashtags and search queries “tariff” or “104” are primarily blocked on the Weibo social network platform.
Why is China trust in success
The economist published an article that discusses China’s possibility of success in the trade war in the United States. Despite the increase in conflict and the introduction of duties, Beijing is confident in its success.
Chinese officials are convinced that they may have significant levers of influence in the United States and consider different options for addressing a trade war. Among them are the cessation of cooperation in the United States in Fentanil, the ban on importing American chickens and other agricultural products, limiting American consulting activities and law companies, which evaluate the intellectual ownership of American companies.
Chinese experts will also consider the possibility of restricting the importation of American films or their entire ban. In addition, the weakness of American companies, such as Tesla, can be an additional pressure in the United States.
Beijing believes that the American economy cannot withstand the inflation and economic discontent that has emerged because of Trump’s tariffs. China hopes that the United States will be forced to sit at the negotiation table if consumer prices will begin to grow or decline.
If the trade war continues, China will also deal with the reality of economic rest in the United States, which he previously rejected as a PRC penalty method, publishers of the publication added.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.