(Source: CCTV.com 2025-04-04)
On April 2, 2025, the US government announced the imposition of "reciprocal tariffs" on Chinese goods exported to the United States. On April 4, China successively stated its position and issued a number of countermeasures. "News 1+1" focuses on this issue: The United States escalates its "tariff war" and China's countermeasures!
What do you think of the speed and intensity of China’s actions?
Regarding the Trump administration’s “reciprocal tariff” policy, China has introduced a number of powerful countermeasures in the past 36 hours. How can we see the speed, strength, and intensity of China’s actions?
Tu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casinoIntroduction, our counterattack this time is very fast and powerful. Because the Trump administration’s “reciprocal tariff” policy can be said to be the most destructive w88 measure in the past eighty years. Not since the end of World War II have we seen such a broad-based move to substantially increase tariffs around the world. This will cause huge damage to the world trading system and the global supply chain, and will also seriously drag down world economic growth. In fact, countries around the world have expressed strong opposition to this, and the International Monetary Fund and the World w88 Organization have also issued statements expressing concern about this.
Tu Xinquan said that China is one of the biggest victims of this "reciprocal tariff" and it is necessary to make a very strong response. As the world's largest trading country and the second largest economy, China has the obligation and ability to be the first to step forward and take effective measures to fight back against these extreme mistakes of the United States, which can even be said to be outrageous and irresponsible w88 protectionist moves.
Judging from the series of countermeasures announced this time, they cover all aspects and fully reflect our strong response and resolute countermeasures to this unilateral w88 protectionist measure by the United States. In addition, it also reflects that our countermeasure toolbox has become more and more abundant over the past few years, and we are now more and more prepared to deal with w88 wars.
What does it mean for China to impose export controls on medium and heavy rare earth-related items?
On April 4, the spokesperson of the Ministry of Commerce responded to reporters’ questions on the implementation of export controls on medium and heavy rare earth-related items, announcing that my country will implement export controls on seven categories of medium and heavy rare earth-related items. What is the purpose of this measure?
Tu Xinquan said that export control is a very important restrictive measure taken by the United States against China. Thousands of companies have been included in the U.S. export control list in the past. With my country's technological progress in high technology, including key raw materials, in recent years, we are actually now capable of launching counterattacks on export controls, especially on rare earths.
China is the largest producer and exporter of rare earths, and we lead the world in experience in the production and processing of rare earth products. Rare earths are indispensable raw materials for high-tech industries, especially for the production of many weapons and equipment. They will also have a relatively large impact on the United States' acquisition of raw materials and affect the development and production of related high-tech products in the United States, including military products. This will make the United States feel the backlash effect of its own w88 protectionist measures, especially the so-called "reciprocal tariffs."
Will "reciprocal tariffs" affect the realization of our expected economic goals this year?
Foreign w88 plays an important role in my country's economic growth. Regarding whether my country's GDP growth will be affected in the future, Tu Xinquan continued to introduce.
Tu Xinquan said that foreign w88 is a very important driving factor for our economic growth. When we made the plan at the beginning of the year, we did not expect such a large-scale tariff increase. We have to face the possibility that it will be relatively difficult to achieve our expected economic growth target this year.
As a big country, China has a very strong self-adjustment ability. We have a lot of room for "explosion and maneuver". We can still expand domestic demand, including increasing support measures for enterprises, on the one hand to help enterprises tide over difficulties, and at the same time to create more new impetus for macroeconomic growth, so as to make this year's economic growth as stable as possible and avoid too much fluctuations.
Attached is the original interview video link:https://content-static.cctvnews.cctv.com/snow-book/video.html?item_id=13298567682222413558&t=174377 7673822&toc_style_id=video_default&track_id=9DF58BFA-96EB-4C4C-A5C7-D513192CAAAE_765558368181&share_to=wechat
