Trump’s Tariff War: What is for China’s economy? | Donald Trump News

Began.

12.01am Est (04:01 GMT) Wednesday, President of the United States President Donald Trump has started “mutual” trade tariffs. 104 percent Levy on the goods sold to the United States.

As Washington moved Start negotiations New captures in Beijing with other trading partners targeting by tariffs means that the United States has completed something that something has imported from China to more than two months ago. In response, China quickly raised US tariffs to 84 percent.

Likey to stock exchanges Since the announcement of the last week’s Tariffs on dozens of countries, investors are now wrapped up for falling from the global trade war.

In turn, Trump, other countries – especially in China, especially in the trade agenda, using the electrical agenda and re-repair the agenda, especially in trade.

What is the state of the US-Chinese tariffs?

On February 3, Trump applied an additional 10 percent tariff All the goods from ChinaIn 2017-2021, the first Trump Office and former US President Joe Biden in 2021-2025, on various tariffs.

Then, in March 5, doubled the Trump ratio Chinese imports Up to 20 percent. On April 2, he raised it again with another 34 percent – a total of 54 percent.

Last Friday, China announced a 34 percent mutipation on US imports on April 4.

Trump, threatening more tariffs if Beijing took US goods, increased more tariffs by threatening more tariffs.

“If China does not eliminate the increase in 34 percent increase in 34 percent increase in 34 percent increase, 34 percent increase in 34 percent due to long-term trade abuse until April 8, 2025, will apply tariffs in addition to 50%. gossip A social platform on Monday.

Like hours, Trump remained confident that Beijing will be smuggled. “China also wants to conclude a contract, but they do not know how to get it,” he said. The US President wrote in the Social Media post. “We look forward to their call. This will happen!”

It didn’t do it. Instead, Beijing raised the tariff for US goods on Wednesday 84 percent.

What did China say in response to Trump’s tariffs?

The announcement of the latest tariffs for the United States exports in April 9, China’s Ministry of Commerce, Pekin said that the company will be a strong and abundance of the company and to fight until the end. “

“History and facts have proved that the growth of tariffs in the United States will not solve its problems,” he said.

“Instead, this will lead to sharply fluctuations in the financial markets, which will increase the US industrial base, and the United States will only increase the risk of economic decline.

The day before, on April 8, the Ministry of Commerce also said that Washington’s actions are “completely unfounded” and economic “insult”.

Beijing defender Mutual tariffs and China’s “sovereignty, safety and development interests”, as well as aim to protect the balanced international trade market, he said.

Elsewhere, China’s Foreign Ministry spokesman Lin Jian, “Chinese will not cause trouble, but maybe we will not have difficulty.”

How will tariffs affect China’s economy?

Despite the growing tension between the United States and China, Washington and Beijing remain basic trading partners.

According to the United States Trade Representative Office, America was imported $ 438.9 Billion In Chinese goods last year.

This is a general internal internal product (GDP), a total of 3 percent of China’s total domestic product (GDP).

In a report shared with customers on Tuesday, Goldman Sachs, Trump’s latest tariffs will be dragged to 2.4 percent of China’s GDP.

The Investment Bank forecasts 4.5 percent for this year, increasing its export tactics through countries such as Vietnam and Thailand – it will make the US tariffs exceed the world’s world-class trading barriers.

This is 4.5 percent of the Chinese government’s official growth target is lower than in the level of 5 percent for 2025.

Analysts are further pessimists: They said that Tariff tariffs of the Trump can reduce China’s economic growth rate to 4 percent in 2025. The government is engaged in the “extensive financial expansion” (ie additional state investment).

China’s economy is growing in a tempo in a more slowly than Trump first goes to office. The latest commercial war comes as China’s deflation, crisis-hard property market and struggle with rose debt levels.

In 2018, when Trump launches the first trade war against China, Beijing’s growth figure of the GDP was 6.6 percent.

How did Beijing respond so far?

Al Jazeera Beijing reporter Katrina Yu says Chinese officials work to protect the shocks on the stock exchange.

“The government has the ability to intervene strong,” he said.

On Tuesday, China’s Prime Minister Li Qiang said the government is “able to fully hedge against negative external influences.”

On the same day, several public investment companies, such as Chengtong and Huijin, promised to increase capital investments and the sale of the root financial market.

Yu, Chinese stock exchanges are better performing better than Asia.

SSANKHER SSE composite index, 1.1 percent on Wednesday, Shenzhen’s SE composition increased by 2.2 percent. Meanwhile, Japan’s Nikkei Index closed 3.9 percent.

“The government is really looking for the stock market. It works so far, but here are investors … Some are still worried.”