The World Trade War declared yesterday (03.04.2025) The Donald Trump with Imposition of scary customs duties they had the China At the top of the list, which was expected, however, due to the US president’s pre -election program statements.
However, China categorically reacted to Trump’s measures today (03.04.2025) the US to “immediately cancel” the new customs duties, who are particularly high for productswhile pledging to receive countermeasures to defend her “rights and interests”.
In fact, The burden is astronomical for the Asian giant, as found on the target of 34% new taxes in its exports to USin addition to 20% customs duties already implemented by the Donald Trump government.
«China encourages the US to immediately cancel unilateral customs duties and to resolve in the appropriate way the differences with their commercial partners through equal dialogue“, The Chinese Ministry of Commerce reacted.
This attack with White House protectionism features, unprecedented from the 1930s, It puts ‘at risk of global economic growth’ and threatens international supply chains, with an impact on US interestsaccording to the Chinese ministry.
These customs duties “They do not respect international commercial rules and seriously affect the rights and interests of the sides concerning”also denounced the Chinese Ministry of Commerce, committing to obtain countermeasures.
Donald Trump declared Wednesday (02.04.2025) world war in the world and especially in China,, however largest commercial partners of his countrycausing an earthquake on the markets of the planet.
According to many experts, The new duties, which the US president described as “reciprocal” are largely excessive.
«There is no winner in a trade war and no way out of protectionism“, Also noted the Chinese Ministry of Commerce in its announcement.
Later today, Beijing also denounced 25% US duties in the car industryreferring to measures “with a character of bullying”.
China, however, noted that ‘maintains communication ‘with Washington for trade and economy. Beijing hopes to “resolve various issues through equal consultation,” the Chinese spokeswoman for He Yadong said.
Executive decree
President Trump also signed yesterday Executive Decree that closes a commercial window that was known as «De minimis» and allowed Packages of low ahkina and the Hong Kong to enter in dictatorships to USA.
US president had ordered US trade representativea clarified if China adheres to its commitments Under the US-China Commercial Agreement “Phase 1” of 2020 until April 1, 2025.
By China was required under the agreement to increase US markets by 200 billion over two yearsbut Beijing did not meet its goals when the Covid-19 pandemic broke out.
The Height of US markets from China amounted to $ 154 billion in 2017before the trade war broke out, according to data from the Chinese Customs Services, and This amount went up to 164 billion in 2024.
According to China expert at the Tony Blair Institute for World Change (Tony Blair Institute for Global Change) Rubban, “undoubtedly President Trump’s duties will cause most headaches elsewhere.”
“Chinese companies have redirected trade through places such as Vietnam and Mexico to avoid US sanctionsbut these markets are now affected by their important duties, “he noted.
The chairman of the European Union Chamber of Commerce in China, Yen Episcentd, also said that Many companies had customized their supply chains Especially to limit their exposure to commercial tensions between the US and China, but added that “Any subsequent restructuring of supply chains will not be possible from day to day to another».
The Additional duties could encourage China to boost its trade with alternative marketsalthough no other country is approaching the US consumer power, where Chinese producers sell more than $ 400 billion values annually.
«Trump’s duties will certainly not help Chinese companies and will cause real pain in certain areas but do not leave indelible mark on Chinese economy“, According to Professor Chong Hua Chinese Development at Cambridge University, William Herst.
«Exports to US are declining to China. US duties will encourage China’s more trade with other places, from Europe to Southeast Asia and Africa, “he added.
«China knew that this day would come long before and relatively limited stimulating announcements at two meetings of March was a calculation, not a vile“Osman, referring to China’s annual parliamentary meetings.