As 125% rates gives China Against imported from the United States, they will be valid from this Saturday (12), in a new climb of tensions between the two largest economies on the globe.
after the US decision to increase “reciprocal tariffs” on Chinese imports to 125%, totaling 145% with the initial 20% barriers imposed by the president Donald Trump.
In an announcement, the Chinese Council’s customs tariffs commission said the US imposition of excessively high tariffs violates international economic and commercial rules and goes against basic economic laws and common sense.
Beijing also classified the measure as “unilateral intimidation and coercion”.
The spokesman for the Chinese Embassy in the US, Liu Pengyu, still wrote in the X that the US country must change its attitude.
The trade war between the two largest economies in the world has generated tensions in global markets, which oscillate amid the uncertainties of the consequences that tariffs and eventual additional retaliation can cause.
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Despite signs of Wall StreetTrump keeps the position. According to him, tariff policy is doing very well.
Later this Friday, White House Press Secretary Karoline Leavitt said the Republican.
“The president made it very clear that he is open to an agreement with China […] If China keeps retaliating, it won’t be good for her, ”Leavitt said.
How far does the trade war go?
The increase in rates on Saturday marks a new chapter of the attack soap opera and response between Beijing and Washington.
By pondering the more each side could stand on this climb, Bruna Allemann, head of the Nomos International Table, assesses that China still has breath to continue shining than the US.
“The point that Trump needs to realize is that China has prepared much more time to continue this trade war. She owns the main factors of production, the main manufactures and the main factories. The world today depends a lot on China,” Allemann pointed out to CNN Money.
For Carlos Gustavo Poggio, Professor of Political Science at Berea College, Americans have two advantages. The first would be a “strategic decoupling of China.”
“The United States is increasingly guiding production chains to become less dependent on China in basic inputs,” he explained in an interview with CNN.
The second advantage would be a wide arc of allies historically conserved by the country, but that, in a strategic error according to Poggio, Trump would be “destroying”.
Economists heard by CNN They stressed that the scenario is no longer sustainable and even rational.
Asked how far China and the US go with this trade war climbing, Alexandre Schwartsman, former Central Bank director (BC) for international affairs, says that from now on everything is unpredictable.
“[Trump] He put the fare at 125%, from there he can put the number he wants. The thing has already left the land of rationality and is in the bullying Simple pure. […] Economically, the two are doing a huge damage, they don’t have much notion, ”says Schwartsman.
What the economists heard by CNN They point out that the tension is moved, above all, for the uncertainty generated with Trump’s trade policy.
“The big problem currently faced by markets is the instability, disorganization of policies and contradiction of information, which have maintained uncertainty in high levels, similar to those observed in times of crisis,” explains Andressa Durão, Asa economist.
With information from João Nakamura, from CNN
