(Source: Xinhua News Agency Client 2025-04-12)
Xinhua News Agency, Beijing, April 12, Title: U.S. tariff blackmail is unpopular and China firmly defends its rights and interests
In the past few days, the U.S. government has wantonly abused tariffs and imposed additional so-called "reciprocal tariffs" on global trading partners, including China. This has been strongly dissatisfied by the domestic and international communities in the United States and triggered significant turmoil in the financial market. It later suspended the imposition of high "reciprocal tariffs" on some trading partners, but still maintains a 10% "benchmark tariff" on these countries and regions and a 125% high tariff on China. In response to the repeated escalation of the US's "reciprocal tariffs", China has introduced a series of countermeasures to firmly defend its own rights and interests, effectively fight back against economic bullying, and resolutely safeguard multilateralism.
What do you think of the US actions and China’s measures? The reporter interviewed industry insiders.
China’s countermeasures are reasonable, beneficial and measured
——On April 2, Eastern Time, the United States announced the imposition of “reciprocal tariffs” on all trading partners, including an additional tariff rate of 34% on China.
On April 4, Beijing time, China announced that it would impose an additional 34% tariff on all imported goods originating in the United States based on the current applicable tariff rate. At the same time, China is also suing in the WTO dispute settlement mechanism and has introduced many measures such as export controls on medium and heavy rare earth-related items.
——On April 8, Eastern Time, the United States announced an additional 50% tariff on relevant Chinese products based on the original so-called "reciprocal tariff" measures. That is, the additional tariff rate on Chinese products increased to 84%.
On April 9, Beijing time, China announced an increase in tariffs on imported goods originating in the United States from 34% to 84%; it also included 6 U.S. companies in the unreliable entity list and 12 U.S. entities in the export control list; it issued risk warnings for Chinese tourists visiting the United States, and issued early warnings for studying abroad, etc.
——On April 9, Eastern Time, the United States continued to increase taxes on Chinese products to 125%, and suspended the "reciprocal tariffs" of other countries that exceed 10% for 90 days.
On April 11, Beijing time, China announced that it would impose additional tariffs on imported goods originating in the United States to 125%. At the same time, it filed an additional lawsuit against the United States at the WTO for further increasing tariffs on China.
Shi Xiaoli, a professor at the w88 casino of International Law at China University of Political Science and Law, said that in response to the so-called "reciprocal tariffs" by the United States, China's three reciprocal countermeasures implemented in accordance with Chinese laws and regulations are reasonable, beneficial and measured, which fully reflects its firm determination to safeguard national security and interests, as well as the responsibility and responsibility of a major country to maintain the rules-based multilateral trading system.
On April 11, the Tariff Commission of the State Council clearly stated in an announcement that "given that under the current tariff levels, there is no market acceptance of U.S. goods exported to China, if the U.S. continues to impose additional tariffs on Chinese goods exported to the U.S., China will ignore it."
On the same day, the spokesperson of the Ministry of Commerce stated that the U.S.'s repeated imposition of extremely high tariffs on China has become a numbers game and has no practical economic significance. It will only further expose the U.S.'s tactics of instrumentalizing and weaponizing tariffs and engaging in bullying and coercion, and has become a joke. If the United States continues to impose tariffs on digital games, China will ignore it. However, if the United States insists on continuing to substantively infringe on China's rights and interests, China will resolutely counterattack and stay with it until the end.
“This statement reflects China’s long-standing prudence, restraint, calmness and wisdom as a great power, and further demonstrates that China will no longer give the Trump administration an opportunity to perform political shows and deceive the people with numbers games. "In Shi Xiaoli's view, although the Tariff Commission of the State Council has stated that if the United States continues to impose tariffs on China, it will not follow up and implement tariff countermeasures, this does not mean that China has given up other countermeasures against the United States. If the United States insists on continuing to substantially infringe China's rights and interests, there are many measures in China's countermeasure toolbox that can be implemented in accordance with laws and regulations.
“This is to show the United States and the world that we will never accept extreme pressure or blackmail and bullying. At the same time, we also have enough courage and means to fight back and counterattack.”Tu Xinquan, Dean of the China World w88 Organization Research Institute at the w88 casinoSay.
Some overseas media believe that "China has reasonable grounds to fight back against US tariff bullying." Bloomberg said, "Any expectation that the world's second-largest economy will simply accept the blow or rush to appease the White House is wishful thinking."
The United States launches a “tariff war” that harms others more than itself
Falling U.S. stocks, public protests, panic buying in supermarkets... The U.S. government claims to impose tariffs to reduce the w88 deficit, revitalize manufacturing, and create jobs, but reality has dealt a heavy blow to this statement.
Authoritative sources pointed out that the relevant measures of the U.S. government have seriously affected its credibility. The series of tariff policies will exacerbate the risk of stagflation in the U.S. economy and seriously impact the stability of the global industrial and supply chains. The market's concerns about the U.S. economic recession have significantly increased, and its macroeconomic governance will face failure and disorder. The United States' launch of a "tariff war" will harm others more than itself, and will ultimately shoot itself in the foot.
Recently, many companies no longer silently bear the increased costs due to tariffs, but clearly mark them on consumption receipts, which has triggered the "online reconciliation" mode of American netizens to complain that the money was "unjustly spent."
“Ultimately, these costs will be passed on to consumers.” Jonathan Gold, vice president of the National Retail Federation, said bluntly that many small businesses that rely on imported raw materials are facing the dilemma of sharp increase in costs and difficulty in survival.
Predictions from the Yale University Budget Laboratory show that after the implementation of "reciprocal tariffs" and other countries taking countermeasures, the price increase of personal consumption expenditures (PCE) in the United States will expand to 2.1%. Low-, middle-, and high-income households in the United States will lose an average of US$1,300, US$2,100, and US$5,400, becoming the final "payers" of the tariffs.
In the context of globalization, many U.S. companies rely on global supply chains. This is not only the inevitable result of structural problems in the U.S. economy, but also determined by the comparative advantages of each country and the international division of labor. As one of the biggest beneficiaries of economic globalization, the United States claims that it has suffered a loss and is willing to destroy the long-established global supply chain system, which will eventually backfire on its industrial efficiency and global competitiveness.
Authorities analyzed that it would be difficult to balance the U.S. w88 deficit by imposing additional tariffs. The U.S. imports mainly include computer electronic products, transportation equipment, chemicals, machinery and equipment, daily necessities and other industrial products, while the U.S. exports mainly include high-tech products, industrial intermediates and resource-based commodities. Under the scenario of widespread tariff increases, the adjustment of global industrial and supply chains has slowed down and fragmentation has deepened. It is difficult for the United States to reduce its dependence on foreign imports of industrial manufactured products in the short term, while the resource-based goods it exports are highly substitutable.
Ying Pinguang, dean of the w88 casino of International Organizations at Shanghai w88 casino, gave an example. The imposition of additional tariffs may allow U.S. steel and aluminum companies to gain some breathing space in the short term, but in the long term, this protectionist behavior will weaken the innovation power and international competitiveness of companies. In addition, the United States consumes a large amount of steel and aluminum every year for automobile manufacturing, aerospace, oil production, construction, infrastructure construction and other fields. The increase in tariffs will undoubtedly significantly increase the production costs of these industries and compress the profit margins of enterprises, which may in turn lead to enterprises reducing investment, laying off employees or even going bankrupt.
China will unswervingly handle its own affairs
On April 9, the Chinese government released a nearly 30,000-word white paper "China's Position on Certain Issues in Sino-US Economic and w88 Relations" to clarify the facts of Sino-US economic and w88 relations, clarify China's policy stance on relevant issues, and reiterate that there are no winners in the w88 war and that there is no way out for protectionism. China and the United States each achieve success, which is an opportunity rather than a threat to each other.
In the face of the volatility and extreme pressure from the United States, China has not closed the door to negotiations, but it will not take any chances. Instead, it has made various preparations to deal with the impact. As the spokesperson of the Ministry of Commerce said, China's position is clear and consistent. The door is open to talk, but the dialogue must be conducted on an equal basis on the basis of mutual respect. China will fight to the end. Pressure, threats and blackmail are not the correct ways to deal with China.
“The essence of Sino-US economic and w88 relations is mutual benefit and win-win, and confrontation and conflict should not be our choice.” Liao Fan, a professor at the Law w88 casino of the University of Chinese Academy of Social Sciences, pointed out that as the world’s two largest economies, the economic aggregate of the two countries exceeds one-third of the world. Sino-US economic and w88 cooperation has a deep foundation, huge potential and broad space. This is an objective fact that is not based on any prejudice or obsession.
Many experts said that since the United States provoked a w88 war with China in 2017, China has always insisted on focusing on running its own affairs. It has richer experience in struggle and has more confidence in development. No external shock can change the fundamentals of China's economy, which has a stable foundation, many advantages, strong resilience and great potential, nor can it change China's steady trend of unswervingly promoting high-quality development and high-level opening up.
Shi Xiaoli said that in the face of the indiscriminate imposition of tariffs by the United States, my country's series of countermeasures showed that it was well-informed, well-prepared, and well-measured, and used practical policies and measures to stabilize market confidence. In the face of the global w88 war deliberately provoked by the United States, "one industry, one case" and "one enterprise, one policy" must be used to accurately assist industries and enterprises that have been greatly affected. We must turn pressure into motivation, further accelerate the construction of a new development pattern, promote high-quality development, promote economic structural adjustment, and use our own stable development to inject more stable power into global economic development.
Attached is the original link: https://h.xinhuaxmt.com/vh512/share/12492970?d=134ff2c&channel=weixin&time=1744507666480&sessionid=952622546.
