In addition to introducing retaliatory duties in the amount of 34% of imports from the United States next week, Beijing also added a couple of dozen American companies to various regulatory black lists subject to trade, investment or export restrictions. China introduces export control over several rare -earth minerals, critical for high -tech production. In addition, several regulatory investigations on anti -dumping and similar issues aimed at American firms are being prepared.
China’s economy remains in an unstable state after several years of decline in the real estate market and against the background of growing political tension with many trading partners. Meanwhile, the Chinese authoritarian system means that it can survive any political or social suffering that can arise due to higher unemployment or a more slow economic growth in the trade war, the publication says.
The publication notes that Beijing will be able to rally nationalist sentiments against the United States at the moment when Trump chopped off the connections that united the rest of the world into an economic and strategic block. This happened precisely at the moment when many countries finally began to revise their economic relations with China, the article says.
According to the publication, the introduced customs tariffs on goods from a number of Asian countries can increase the influence of Beijing on these states or not to prevent them from freeing themselves from Chinese economic dependence. Among these countries are called Vietnam (46%tariff), Thailand (36%), Indonesia (32%) and the Philippines (17%).
It is also noted that the United States has devoted the years of diplomacy to dissuade European countries from excessive economic dependence on China. This, finally, began to bear fruit in the form of increased skepticism of Europeans relatively closer ties with Beijing. But now there is only a matter of time when trading missions to China from France, Germany and other countries will again begin to gain momentum.
Canadian Prime Minister Mark Carney said that old relations of steadily deepening integration with the United States have ended. He said that the 80-year period of American economic leadership has come to an end, and “although this is a tragedy, this is also a new reality.”
Xi Jinpin and his associates-communists have long believed that the West was weak, divided and retreating, notes the publication. This week will serve as confirmation, and he does not have to do much to use these disagreements, the publication says.
Context
April 2 Trump announced the introduction of duties on the import of goods from many countries, including Ukraine, the EU, China and the UK. According to him, he introduces a basic fee of 10% for all goods from all countries, with the exception of the relevant conditions of the free trade agreement between Mexico, Canada and the United States. He emphasized that goods that do not comply with this agreement will be further taxed in the amount of 25%.
The head of the White House added that importers will begin to pay the basic fee from April 5, and higher rates for different partners will begin to operate on April 9. Trump noted that the American authorities introduced “relevant tariffs” for all countries in the amount “about half of the fact that they are levy from us.”
Under the effect of duties The uninhabited volcanic islands near Antarctica fell, I drew the attention of The Guardian.
A number of leaders of countries New global mutual duties were condemned, including China.
April 3 Trump said he was ready To reduce import tariffs if other countries offer him something “phenomenal”.
On the same day, he said that he was ready to give China to relieve new duties if Beijing approves an agreement providing for the branch of the Chinese company BYTEDANCE from the Tiktok application in the United States, the agency writes EFE. At the same time, he clarified that he is now not conducting specific negotiations with Beijing on this issue.
