{"id":40145,"date":"2025-04-08T10:00:20","date_gmt":"2025-04-08T10:00:20","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=40145"},"modified":"2025-04-08T15:20:21","modified_gmt":"2025-04-08T15:20:21","slug":"china-sticks-to-its-guns-as-fresh-us-tariff-threat-pushes-tensions-to-the-brink","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/china-sticks-to-its-guns-as-fresh-us-tariff-threat-pushes-tensions-to-the-brink\/","title":{"rendered":"China sticks to its guns as fresh US tariff threat pushes tensions to the brink"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

Joe Cash and Nicoco Chan<\/p>\n

China <\/span>vowed on Tuesday to “fight to the end” against US tariffs as some citizens railed against President Donald Trump after he singled out Beijing for further levies, setting the stage for a standoff between the world’s top two economies.<\/p>\n

If Trump sticks to his plan for an <\/span>additional 50% tariff<\/a> <\/span>on China <\/span>unless it withdraws its retaliatory levies on the US, total new U.S. duties on Chinese goods this year could rise to 104% by Wednesday.<\/p>\n

Trump’s previous tariff increases <\/span>are already <\/span>squeezing Chinese exporters’ margins to the point of suffocation <\/span>so <\/span>further hikes would only serve to underscore Washington’s appetite for brinkmanship and its desire to cut China <\/span>out of the world’s biggest consumer market as a matter of principle, analysts say.<\/p>\n

But with global <\/span>supply chains in jeopardy, Beijing is under pressure to respond <\/span>as <\/span>President Xi Jinping <\/span>prepares to meet <\/span>Spain’s prime minister, and <\/span>begin a <\/span>tour of Southeast Asia.<\/p>\n

“The US side’s threat to escalate tariffs against China <\/span>is a mistake on top of a mistake, once again exposing the American side’s blackmailing nature,” the commerce ministry said in a statement.<\/p>\n

“If the United States insists on having its way, China <\/span>will fight to the end.”<\/p>\n

Trump said he would impose the <\/span>additional 50% duty<\/a> <\/span>on US imports from China <\/span>on Wednesday if Beijing did not withdraw the <\/span>34% tariffs<\/a> <\/span>it imposed on US products last week.<\/p>\n

The Chinese levies had come in response to “reciprocal” duties of 34% announced by Trump, on top of tariffs of 20% imposed earlier this year, lifting to 76% the average US tariff on Chinese goods.<\/p>\n

“If the tariffs keep going up and up, it becomes a battle of wills and principles rather than economics,” said Xu Tianchen, a senior economist for China <\/span>at the Economist Intelligence Unit.<\/p>\n

“Since China <\/span>already faces a tariff rate in excess of 60%, it doesn’t matter if it goes up by 50% or 500%,” he added.<\/p>\n

China <\/span>has stepped up efforts to shield its economy from global market turmoil following Trump’s announcement.<\/p>\n

On Tuesday, China’s state planner said it had met domestic private firms, including Trina Solar<\/span>, <\/span>ride-hailing company Didi, and Goertek<\/span> <\/span>to hear suggestions on how to deal with the ad<\/span>itional duties.<\/span><\/p>\n

While <\/span>several state holding companies pledged to increase share investment, a slew of listed companies unveiled buybacks, and the central bank pledged liquidity support for fund Central Huijin after it intervened to support sinking stocks.<\/p>\n

But there is no escaping the fact that Trump’s affinity for tariffs risks derailing China<\/span>‘s largely export-led economic <\/span>recovery given that no other country comes close to the consumption power of the US, where Chinese producers sell more than $400 billion worth of goods annually.<\/span><\/p>\n

The Chinese people “do not provoke trouble, nor are we afraid of it,” Lin Jian, a spokesperson for China’s foreign ministry, told a regular press conference.<\/span><\/p>\n

“The Chinese people’s legitimate right to development must not be deprived,” he added.<\/span><\/p>\n

Targeting China<\/strong><\/p>\n

Trump’s tariffs will be felt particularly keenly as they target the <\/span>two main strategies<\/a> <\/span>Chinese exporters have used to blunt the impact of the trade war: shifting some production abroad and boosting sales to non-US markets.<\/p>\n

Dan Wang, a China <\/span>expert at Eurasia Group, said Trump had effectively already wiped out Chinese exporters’ profits once U.S. import duties passed the 35% mark.<\/p>\n

“After that, China <\/span>shouldn’t export to the US at all. It could be 1 000%, but since there is no trade, there is no harm.”<\/p>\n

“Europe is and will be the most profitable market for China <\/span>now,” she added.<\/p>\n

Xi is expected to meet Spain’s Prime Minister Pedro Sanchez on Friday, with the agenda likely to cover finding a resolution to trade tension with Brussels over China<\/span>‘s electric vehicle exports, as well as Trump’s broader tariff onslaught.<\/p>\n

The Chinese leader will then visit Malaysia, Vietnam and Cambodia, three economies that gained from relocation by Chinese manufacturers to avoid US sanctions during Trump’s first term, but which now face steep levies of their own.<\/p>\n

REUTERS<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Joe Cash and Nicoco ChanChina\u00a0vowed on Tuesday to “fight to the end” against US tariffs as some citizens railed against President Donald Trump after he singled out Beijing for further levies, setting the stage for a standoff between the world’s top two economies.If Trump sticks to his plan for an\u00a0additional 50% tariff\u00a0on\u00a0China\u00a0unless it withdraws its retaliatory levies on the US, total new U.S. duties on Chinese goods this year could rise to 104% by Wednesday.Trump’s previous tariff increases\u00a0are already\u00a0squeezing Chinese exporters’ margins to the point of suffocation\u00a0so\u00a0further hikes would only serve to underscore Washington’s appetite for brinkmanship and its desire to cut\u00a0China\u00a0out of the world’s biggest consumer market as a matter of principle, analysts say.But with global\u00a0supply chains in jeopardy, Beijing is under pressure to respond\u00a0as\u00a0President Xi Jinping\u00a0prepares to meet\u00a0Spain’s prime minister, and\u00a0begin a\u00a0tour of Southeast Asia.”The US side’s threat to escalate tariffs against\u00a0China\u00a0is a mistake on top of a mistake, once again exposing the American side’s blackmailing nature,” the commerce ministry said in a statement.”If the United States insists on having its way,\u00a0China\u00a0will fight to the end.”Trump said he would impose the\u00a0additional 50% duty\u00a0on US imports from\u00a0China\u00a0on Wednesday if Beijing did not withdraw the\u00a034% tariffs\u00a0it imposed on US products last week.The Chinese levies had come in response to “reciprocal” duties of 34% announced by Trump, on top of tariffs of 20% imposed earlier this year, lifting to 76% the average US tariff on Chinese goods.”If the tariffs keep going up and up, it becomes a battle of wills and principles rather than economics,” said Xu Tianchen, a senior economist for\u00a0China\u00a0at the Economist Intelligence Unit.”Since\u00a0China\u00a0already faces a tariff rate in excess of 60%, it doesn’t matter if it goes up by 50% or 500%,” he added.China\u00a0has stepped up efforts to shield its economy from global market turmoil following Trump’s announcement.On Tuesday,\u00a0China’s state planner said it had met domestic private firms, including Trina Solar,\u00a0ride-hailing company Didi, and Goertek\u00a0to hear suggestions on how to deal with the aditional duties.While\u00a0several state holding companies pledged to increase share investment, a slew of listed companies unveiled buybacks, and the central bank pledged liquidity support for fund Central Huijin after it intervened to support sinking stocks.But there is no escaping the fact that Trump’s affinity for tariffs risks derailing\u00a0China’s largely export-led economic\u00a0recovery given that no other country comes close to the consumption power of the US, where Chinese producers sell more than $400 billion worth of goods annually.The Chinese people “do not provoke trouble, nor are we afraid of it,” Lin Jian, a spokesperson for\u00a0China’s foreign ministry, told a regular press conference.”The Chinese people’s legitimate right to development must not be deprived,” he added.Targeting ChinaTrump’s tariffs will be felt particularly keenly as they target the\u00a0two main strategies\u00a0Chinese exporters have used to blunt the impact of the trade war: shifting some production abroad and boosting sales to non-US markets.Dan Wang, a\u00a0China\u00a0expert at Eurasia Group, said Trump had effectively already wiped out Chinese exporters’ profits once U.S. import duties passed the 35% mark.”After that,\u00a0China\u00a0shouldn’t export to the US at all. It could be 1 000%, but since there is no trade, there is no harm.””Europe is and will be the most profitable market for\u00a0China\u00a0now,” she added.Xi is expected to meet Spain’s Prime Minister Pedro Sanchez on Friday, with the agenda likely to cover finding a resolution to trade tension with Brussels over\u00a0China’s electric vehicle exports, as well as Trump’s broader tariff onslaught.The Chinese leader will then visit Malaysia, Vietnam and Cambodia, three economies that gained from relocation by Chinese manufacturers to avoid US sanctions during Trump’s first term, but which now face steep levies of their own.REUTERS<\/p>","protected":false},"author":1,"featured_media":40147,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-40145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/40145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=40145"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/40145\/revisions"}],"predecessor-version":[{"id":40146,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/40145\/revisions\/40146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/40147"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=40145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=40145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=40145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}