Billions lost as a result of a customs dispute are harmful to the Chinese, notes Joerg Wuttke, a business advisor and analyst who specializes in the commercial and investment corridor of Europa-China and spent almost 30 years in the Middle Kingdom, where he dealt with negotiations and management of investment strategies. However, as the expert notes, Beijing can cause much greater damage to the USA. Wuttke also directs a warning to the European Union.
According to a recognized expert in the field of business, Joerga Wuttke, China will not give up despite 104 percent. Ceals imposed on this country by the US President Donald Trump.
– Welt Wuttke, former head of the European Chamber of Commerce in China, told.
Loss of trade volume with an equivalent of about EUR 500 billion [2 bln 140 mld 587 mln zł] Annually, it is “painful” for China. As Wuttke claims, Beijing, however, can cause much greater economic and political problems for the USA. The expert expects American consumers have to pay higher prices for many everyday goods, such as electronics, household appliances and computer equipment at the latest until the summer. “Exactly when MPs and senators return to their constituencies,” he notes.
Warning for Europe
The China expert also has a warning for the European Union, which distances itself from the United States and brings closer to Beijing in response to the duties imposed by the American president. – China is still not just a partner [UE]but a competitor and a system rival. On the other hand, the United States remain an irreplaceable partner for Europe – reminds Wuttke.
The EU has an investment base with China equivalent to EUR 170 billion [728 mld 680 mln zł]. – in the case of the USA, this investment base is EUR 2.2 trillion [9 bln 430 mld 36 mln zł]. China does not constitute even one tenth of this amount – says the expert. The United States is not so much an exporting country for Europe as an investing country, which generates huge speed in Europe itself.
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Cruel retaliation: Chinese “kiss of death”
Wuttke also warned that China can “re -open the trails of the chemical drug supply of fentanyl drug. Because the Chinese have really done a lot in this respect recently, “said the number of US citizens who died of an overdose of fentanyl, sometimes called the Chinese” kiss of death “, fell by a quarter in 2024, after in 2023 due to [nadużycia] Over 100,000 died of this substance. people.
According to the White House, the additional American duties on Chinese products entered into force from Tuesday to Wednesday at midnight (local time of the USA). From that moment, the United States impose additional duties on China in a total amount of 104 percent, which came from 6.01 (CEST) on Wednesday morning. On Tuesday, China allowed the deadline set by the US President Donald Trump to withdraw the expansion duties.
I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.
