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Chinese national flags are fluttered in the port of Shhanghai, China, February 7, 2025 in the port of Yangshan, which is close to shipping containers in Yangshan.
Go Nakamura | Reuters
Pekin – China’s reaction to new US tariffs will likely be used to strengthen relations with trading partners with analysts located in large China and local incentives and trade partners.
After a few hours from the US President Donald Trump The Ministry of Trade of China announces 34% of tariffs in China Called the US to the US to cancel tariffsand caused unspecified counter-results. This Sweeping US policy The European Union and large Asian countries also hit their new tasks.
This year, China’s exports to the United States have increased the total rate of those sent from China, 20% were hit in additional tariffs Up to 54%Among the highest ones caught by Trump management. An effective rate for individual product lines can change.
However, as so, the parcel line Chinese phrase was a call for negotiations.
“I think that in the close term of China, there will be no tariffs in the focus of the reaction or such measures,” he said. This is due to the CNBC translation of the Chinese-speaking statement.
Instead, Pang expects China’s export directions and products to improve its economy by diversifying its priority Increasing internal consumption.
The world’s second largest economy has expanded the financial deficit since September, increasing the subsidy program of the consumption and increased its stimulating efforts by calling for real estate. It should be noted that Chinese President Hi Jinping held a rare meeting with technological entrepreneurs Alibaba In February, the founder Jack MA, in February, in support of the private sector.
Politics reverses that the regulation in recent years – Beijing is in front of the last tariff announcement of the slowdown or even an accident in exports or even crashes or even crashed Chinese economist Larry Hu. ” The 2021-pandemic induced export boom stressed that it is effective Beijing “To start a mass regulatory campaign”.
“My opinion remains the same,” Hu said on a e-mail on Thursday. “Beijing will use the internal stimulus to replace the effects of tariffs, so it can achieve the goal of growth around about 5%.
Instead of response tariffs, HU, Beijing, blacklists are still waiting for the export control of critical minerals and probes to foreign companies. HU also, China will keep the yuan strong against US dollars and reduce the prices from retailers, as a way to USA to reduce prices
China’s best leaders will be able to target about 5% of the total domestic product in early March, said he would demand a necessary task “very hard work“Achieve. The Ministry of Finance also pointed out that Increase financial support if necessary.
According to Goldman Sachs, 20% of the Chinese economy rely on exports. Previously, about 60% of 60% of 60% of the United States estimated that the real GDP will increase by about 2 percent. The company still protects the full annual forecast of 4.5% GDP growth.
Change global trade
Trump’s first term of tariffs under the first term, China has served as an alternative routes to reach the United States for exporting to these countries, but to the United States
In Thursday, Yiwu’s Chinese Export Center, enterprises, in connection with the influence of new US tariffs, they seemed ineffective due to their perception Foreign competitors could not gain an advantage, Cameron Johnson, an elderly partner in Shanghai, a shanghai old partner in the consultations with a major-majority partner, solid tidalwave solutions.
Earlier, the United States focused on trade measures to force trade measures and companies to transfer companies to other countries. However, Chinese manufacturers expanded from abroad next to diversification.
“The truth is that the truth is mainly preparing for China and the United States, mostly Asia and Africa,” said Johnson. China expects to work without unnecessary difficulty for US enterprises operating in the country, and instead, it will work harder to build other trade relations.
China’s first four-year term in early 2021, China has increased its trade with Southeast Asia, the largest trade partner of the region, followed by the European Union and then the United States
10 members of the Southeast Asia Association (ASEAN) participated in the formation of the world’s largest free trade bloc in 10 member states, Japan, South Korea, Australia and New Zealand Regional Comprehensive Economic Partnership (RCEP) – occurred in early 2022. US and India is not a RCEP member.
“RCEP member countries will naturally deepen trade relations,” Yue Water, Key Economist, China, Economist Intelligence Section, said on Thursday.
“It is also partly because China’s economy is ready to prepare financial policy measures against growth and need the government’s growth targets in the least, at least relative terms,” he said.
Uncertainty remains
The rate of all countries with tariffs remains uncertain this week, especially with China, is expected to use tasks.
Last week that the United States could lower the Tariffs in China to close the US-based agreement on Beijing Briefy to sell Tiktok’s US operations.
But in China was the level of new tariffs It is worse than a much investor expected.
“Unlike some optimistic market forecasts, we do not expect the US-China bilateral transaction,” Nomura, Nomura, the Chinese economist, Nomur, said.
“We expect this two mega economies to seriously deteriorate,” he said, “especially in high-tech sectors, including Chinese and robotics, including AI and robotics.”
