(Source: CCTV News Client 2025-04-08)
To maintain the smooth operation of the capital market, the "Chinese version of the stabilization fund" has surfaced; the national team has successively announced increases in holdings, injecting confidence into the capital market. "News 1+1" connected with Zhang Ming, deputy director of the Institute of Finance, Chinese Academy of Social Sciences,Tu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casinoBring analysis and interpretation. The following is an excerpt from Dean Tu Xinquan’s online content.
The United States threatens to impose further 50% tariffs on China,What will be the impact if implemented?
Tu Xinquan: The United States recently announced that it would impose a 34% "reciprocal tariff" on China. In fact, the United States has imposed two rounds of 10% tariffs on China in the past two months, so at present, it has actually increased 54% of the tariffs. In addition to the previous Section 301 tariffs imposed by the United States on China, there is an average tariff of nearly 20%. Therefore, even without the 50% additional tariff that may continue to be imposed on China, the actual average tariff has reached more than 70%. Such a tariff level is already a prohibitive tariff for most export companies. From this perspective, an additional 50% tariff will not actually have much new impact. The reason why the U.S. government threatens to continue to impose tariffs is mainly to exert greater pressure to show its "hegemonic status" and at the same time force China to accept some conditions it is unwilling to accept, so as to reach a so-called agreement.
Under the impact of tariffs, what is the impact?How should companies respond?
Tu Xinquan: The scale of our exports to the United States is still relatively large. Last year, our exports to the United States exceeded US$520 billion, so if the 34% tariff policy is implemented, it will indeed have a great impact on our export companies and related industries. For example, mechanical and electrical products, textiles and clothing, toys, furniture, plastic products, metal products, etc. This kind of indiscriminate, all-round high tariff will have a relatively large negative impact, especially on some companies whose exports to the United States account for a relatively high proportion of their turnover or export volume.
Although the U.S. market is now the world's largest market, in terms of proportion, it only accounts for 15% of our exports, so there is still 85% of the broader world market waiting for us to explore, and the space for development is still very huge. In the past few years, through the "One Belt and One Road" initiative, we have actually developed these markets very well, including Southeast Asia, Latin America, the Middle East, African markets, etc. Our exports to developing countries have accounted for more than 50% of total exports. We have laid a good foundation and achieved good results. Our exports to the United States have also dropped from nearly 20% in the past to 15%. Our market diversification has achieved good results.
Of course, now that the United States is under extreme pressure from reciprocal tariffs, there is greater urgency for our companies. Enterprises themselves will also be more proactive, motivated and work harder to open up new markets. In this process, the government must provide as much and the best support and assistance as possible.
Attached is the original video interview link:https://app.cctv.com/special/m/livevod/index.html?guid=5ee42849d2044fe98bba74223cb72bf2&vtype=2&vsetId=C10586
