(Source: "China Economic Times" 2025-04-11)
In April, the United States imposed indiscriminate "reciprocal tariffs" on the world, attracting great attention from around the world. In particular, the continuous increase in tariffs imposed on China has caused an uproar.
On April 8, the United States announced that it would increase the "reciprocal tariff" rate on Chinese goods exported to the United States from 34% to 84%. On April 9, it would continue to increase taxes on China to 125%, and suspend high "reciprocal tariffs" on other countries for 90 days.
China has resolutely countered this and introduced a series of reasonable, powerful, measured and effective measures, including increasing the amount of goods originating in the United States from 34% to 84%, which will be implemented from 12:01 on April 10, 2025.
Experts interviewed by reporters from China Economic Times believe that the escalation of "reciprocal tariffs" imposed by US President Trump is not conducive to solving the problem. Instead, it has brought huge losses and a high degree of uncertainty to the US and global economies. Our country is fully confident to counterattack.
The United States deceives itself by escalating “reciprocal tariffs”
Tu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casinostated that it would impose an additional 125% tariff on China and suspend high "reciprocal tariffs" on other countries for 90 days. This differentiated tariff measure is a typical example of extreme pressure, bullying, and self-deception. From the perspective of the tariff structure, although the United States imposes a 125% tariff on China, if it only imposes an additional 10% tariff on ASEAN, Mexico and other countries, it will be a repeat of the story of 2018. Chinese companies will detour or use other routes to export to the United States. Therefore, in terms of the U.S. w88 deficit or w88 structure, there will not be much change. The U.S. w88 deficit will continue to expand, but the targets will change.
“The U.S. has gone crazy with China’s ‘crazy’ tax increases and has lost its mind.” Zhao Jianglin, deputy director and researcher at the Institute of European Studies at the Chinese Academy of Social Sciences, said that since Trump’s first term, the U.S. has used endless methods to suppress and contain China, but all the U.S. methods have failed to achieve actual results. Now it has once again raised the "big stick" of tariffs and implemented a comprehensive ban on Chinese products in a negative game. The United States' attempt to use geopolitical thinking to handle its relations with China can only get further and further away from the original intention of solving the problem.
According to Sun Lipeng, deputy director of the Institute of American Studies at the China Institute of Contemporary International Relations, the "reciprocal tariffs" pushed by Trump are a reflection of the "w88 war 2.0" he launched after taking office. Its basic logic and theory are completely wrong, and it will inevitably be opposed and counterattacked by trading partners. Moreover, "reciprocal tariffs" are not acceptable within the United States. The minutes of the March meeting of the Federal Reserve released on April 10 showed that Federal Reserve officials agreed that the Trump administration’s tariffs and other policies have led to high economic uncertainty and upward risks to inflation, so the Federal Reserve should continue to suspend interest rate cuts.
Chen Jianqi, professor at the Institute of International Strategy at the Party w88 casino of the Central Committee of the Communist Party of China (National w88 casino of Administration) and director of the Institute of Global Governance and International Organizations, pointed out that the United States has implemented a "tariff wall" mainly to achieve four goals: solving the external w88 deficit, repaying the U.S. national debt, revitalizing the U.S. manufacturing industry, and shaping a new global economic and w88 system that protects U.S. interests. The "tariff wall" has exerted tremendous pressure on global economic growth, had a huge impact on the global financial market, had a major impact on the global industrial and supply chains, and caused huge damage to the global economic and w88 cooperation mechanism.
Zhou Mi, deputy director of the Institute of Americas and Oceania of the Institute of International w88 and Economic Cooperation of the Ministry of Commerce, pointed out that the United States’ escalation of “reciprocal tariffs” is essentially an unreasonable and determined act of bullying. This approach, which has no legal basis, has the consequence that in addition to its impact on foreign w88, it also directly undermines international economic and w88 rules and will also significantly increase the w88 costs of the United States. For example, it will directly increase the cost of final consumer goods and push up the cost of intermediate goods imported by the United States from China. This approach of harming others and ourselves is obviously difficult to achieve.
Combined short- and long-term measures to respond to "reciprocal tariffs"
Tu Xinquan said that in the face of the uncharacteristic behavior of the United States, China should unswervingly handle its own affairs. On the one hand, we should explore diversified markets, find new export markets, and maintain the basic stability and operation of the multilateral trading system. On the other hand, we should carry out various forms of cooperation with other countries, adhere to multilateralism, further promote the liberalization and facilitation of w88 and investment, expand the international market, and jointly respond to the impact of US w88 protectionism.
"Judging from the escalation of 'reciprocal tariffs', the economic and w88 game and strategic game between China and the United States have entered a new era and stage." Sun Lipeng said that although the United States has imposed additional tariffs on China of more than 100%, China is fully confident and confident in responding. Judging from the specific response ideas, first, we must pay attention to the United States' intention of "reciprocal tariffs" from a strategic perspective. The second is to strengthen inter-regional economic and w88 cooperation, expand market access, and expand new space for my country's w88 development. The third is to prepare countermeasures and policy reserves, and in addition to tariffs, take further measures in areas such as finance and geo-economic relations. Fourth, in the fields of service w88 and investment, we will further deepen reform and opening up and attract more international investors to invest and start businesses in China. The fifth is to strengthen dialogue and communication, expand cooperation and resolve differences.
“Continuing to take reasonable, powerful, effective and measured countermeasures will help reopen the door to dialogue between the two sides.” Zhao Jianglin pointed out that after years of development, China has already had enough confidence to respond wisely to any challenges and pressures from the international community. Regarding the U.S. "reciprocal tariffs", in the short term, first, we are not afraid of war; second, we do not close the door to dialogue with the United States and welcome the United States to strengthen communication and exchanges at any time; third, we strengthen the guidance of international public opinion so that the international community can more clearly understand the comprehensive harm of "reciprocal tariffs" and the lack of justice and fairness in the U.S. "reciprocal tariffs." In the long term, the first is to adhere to China's established foreign policy and continue to shape the new pattern of global development with China's new concepts on global development; the second is to persist in strengthening itself; the third is to persist in reform.
Chen Jianqi believes that China should respond from three aspects. The first is to insist that countermeasures be reasonable, powerful, effective and measured. In response to the unreasonable bullying demands of the United States, China not only imposed additional tariffs in retaliation, but also imposed sanctions on specific companies, demonstrating the demeanor of a major country that is not afraid of pressure and a targeted and precise response. The second is to put stabilizing growth in a more prominent position. In the face of huge fluctuations in the global economic, w88 and financial markets, stabilizing economic growth is crucial, and we must accelerate the implementation of a package of policies to expand investment and consumption. Any policy reserves to expand domestic demand will enrich the toolbox to deal with the current situation. China's huge domestic demand space provides China with the confidence and confidence to respond to external shocks. From this perspective, it is necessary to speed up the issuance of fiscal treasury bonds and promote moderately loose monetary policy. The third is to stabilize international circulation. In response to the global situation, we should pay more attention to the global market, unite as many countries as possible, accelerate negotiations to form a consensus to stabilize global industrial chains and supply chains, form a consensus to maintain macroeconomic stability and financial stability, and form a consensus to promote open cooperation and stabilize the international market.
"In response to the US's reciprocal tariffs, the key is to effectively enhance the resilience of China's foreign w88. This resilience is a systemic, interrelated resilience, including companies directly engaged in foreign w88 and the upstream supply chain." Zhou Mi pointed out that the enhancement of foreign w88 resilience can give my country a stronger say in international competition and a certain global supply chain, allowing my country to maintain effective development momentum despite changes in the external environment. Therefore, more systematic and comprehensive measures must be taken to improve the resilience of the supply chain. Facing the challenge of "reciprocal tariffs" cannot be solved by enterprises alone. It requires all parties to form a joint force and cooperate effectively to reduce the duplication of resources, give full play to China's own advantages, expand domestic demand in an all-round way, and strengthen industrial cooperation with trading partners.
Zhang Yuanpeng, president of the Jiangsu World Economics Association, suggested that in the face of Trump’s increase in tariffs on China to 125%, my country must take necessary countermeasures to oppose the bullying behavior of the United States to safeguard its sovereignty, security, and development interests, safeguard international fairness and justice, safeguard the multilateral trading system, and safeguard the common interests of the international community. In addition, we should strengthen communication and negotiation with Southeast Asian countries, normalize foreign direct investment, provide living security for laid-off workers affected by "reciprocal tariffs", further develop the domestic consumer market, promote integrated development of urban and rural areas, and open visa exemption to US residents.
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