Trump Tariff War: What is about Chinese economy? | News Donald Trump

On Wednesday, on Wednesday 12.01. 104 percent Leave on the goods sold by the US.

Even as Washington moved Start negotiations With other trading partners, the tariffs, new levies on Beijing mean that American imports from China will cost more than double what he did two months ago. In response, China quickly raised US Tariffs to 84 percent.

Stock exchanges wore nosed From last week’s announcement of the American tariffs on a dozen countries, such as investors banned due to the outburst of what is now a global trade war.

For his part, Trump has long accused other countries – especially China – the U.S.-trade exploitation, throwing his last agenda as necessary for reviving domestic production and reconnecting American affairs.

What is the status of American porceline tariffs?

3. February Trump imposed an additional 10 percent of tariffs All goods from ChinaOn top of various tariffs charged during the first Trump administration 2017-2012 and the administration of the former US President Joe Biden in 2021-2025.

Then is 5. Marta Trump doubled the rate Chinese imports to 20 percent. 2. April rose again for 34 percent – agreement up to 54 percent in total.

Last Friday, 4. April, China announced 34 percent of the reciprocal tariff on American imports.

Trump rose again the temperature by threatening even more tariffs, unless Beijing pulled on the names on American goods.

“If China does not withdraw its 34 percent, above their long-term trade abuse until tomorrow, 8. April, 2025. April, the United States impose additional tariffs in China from 50%, in force 9. April”, in force 9. April ” told On his social platform truth on Monday.

As Satikline, the trump card remained confident that the Beijing buckle. “China also wants to arrange, bad, but they don’t know how to start,” the American president on the media is written. “We’re waiting for their call. That will happen!”

It’s not. Instead, Beijing raised his tariff on Wednesday at 84 percent on Wednesday.

What did China say in response to Trump Tariffs?

Announcing his latest round of tariffs on American exports 9. April, the Chinese Ministry of Trade stated that Beijing “has a benefit company and profusely to take the necessary countermeasures and the fight to the end.”

“History and facts have proven that the increase in the tariffs of the United States will not address its own problems,” said the policy statement.

“Instead, striking sharp fluctuations in financial markets, encourage American inflation pressure, weaken American industrial base and increase the risk of the American economic recession, which in the end only by itself.

In the previous day statement, April 8, the Ministry of Trade also made it in the fight against urgating, saying that the actions of Washington were “completely unfounded” and the form of economic “bullying”.

Beijing defended His reciprocal tariffs and said they were aimed at protecting Chinese “sovereignty, security and development interests”, as well as the maintenance of the balanced market of the international market.

Somewhere else, a spokesman of the Foreign Ministry of Foreign Ministries Lin Jian said “we are the Chinese we are not problems, but we will not blink when the trouble is spent.”

How will tariffs influence the Chinese economy?

Despite growing tensions between the United States and China, Washington and Beijing remain the main trading partners.

According to the United States Trade Representatives, America is imported $ 438.9 billion in Chinese goods last year.

This amounts to approximately 3 percent of the total gross domestic product of China (GDP), which is largely relied on export.

The report that divided into clients on Tuesday Goldman Sachs said that he expects the latest Trump tariffs to pull Porturne GDP for as much as 2.4 percent.

The Investment Bank provides for a growth of 4.5 percent for this year, citing that Chinese proved to be redirected through countries such as Vietnam and Thailand – will become less efficient when Trump has raised trade barriers on a global scale.

That 4.5 percent lower than the official goal of Chinese government growth by 5 percent for 2025. Year.

The analysts on UBS are still more pessimistic: they said that the Trump Tariff’s campaign could reduce the Chinese economic growth rate at only 4 percent in 2025. Years. And that assumes that the government deals with “wide fiscal expansion” (ie additional public investment).

The Chinese economy is already growing at a slow pace than when Trump was first taken over by the function. The latest trading war comes as China struggles with deflation, the crisis market of assets and elevated debt levels.

In 2018, when Trump launched his first trade war against China, the official number of GDP beijing was 6.6 percent.

However, for Jayati Ghosh, a professor of the economy at the University of Massachusetts Amherst, China is still “better prepared by most countries” to deal with the outburst from Trump’s Trafficking Salva.

How did Beijing replied so far?

Al Jazeera Katrina Yu Copicecid Cadamer says that Chinese officials work on shock protection on the stock market.

“The government has the ability to intervene strongly,” Yu said.

On Tuesday, China’s Prime Minister Qiang said that the government is “fully capable of protection against unfavorable external influences.”

On the same day, several companies of public investment – such as Chengtong and Huina – have vowed to increase investment in equity and residential and marketing market sales.

YU noted that the Chinese stock exchanges were performed better than elsewhere in Asia.

Shanghai’s SSE composite index published a win of 1.1 percent on Wednesday, while Shenzhen’s composite rose 2.2 percent. Meanwhile, the Japanese Nikkei index closed 3.9 percent.

“(Chinese) government really wants to stabilize the stock market so far, but investors are still very anxious,” said still very Anxiety, “he said still very Anxiety,” he said still very anxiety, “he said.

What will China do next?

To mitigate the impact of tariffs, Beijing will probably focus on domestic stimuli and strengthen the connections with their trading partners to achieve the goal of growth “about 5 percent,” Ghosh, an economical professor.

“I expect further reductions of Chinese (but) low interest rates together with more local government borrowing and assistance for affected export workers,” said Al Jazeera.

Ghosh suggested that China “quiet” will strengthen the exports to trade partners, especially global south, through measures such as “debt mitigation.”

She also said that the Central Bank of China might allow Yuana to demart, thus lower the export prices and compensate for some losses from the tariff.

Although Ghosh said that the Chinese trillion economy “should be able to absorb” Hit from American tariffs, some economists expressed concern about the fiscal position in Peiuming.

3. April Fitch Agency reduced the Chinese sovereign credit rating, stating rapidly growing state debt and public finance risks, as policy makers are preparing for economic protection from growing tariffs.

For Ghosh, however, “there is a western tendency to see the direct collapse of the Chinese economy”.

“I’m far worried about the American economy,” she said.