Why hasn’t China tried an agreement on tariffs?

Xi Jinping “is ready to fight” and I couldn’t give up. Other markets are waiting for China, and even Europe may want to reinforce commercial agreements with the Asian super-power that never surrenders.

Unlike the rest of the world, which tried to negotiate with Donald Trump the imposed tariffs on the US exported products, China entered the game. This Friday, the rates on US goods that enter Chinese territory increased to 125%.

Stephen McDonell, It corresponds to in China reveals the origin of this affront of Chinese President Xi Jinping, who is not afraid of losing the US market.

The analyst is even ending: “Beijing is not going to surrender“Why is it explained in two words-it doesn’t have to.

“Trump has been boasting to his supporters that it would be easy to force China to submit simply attacking the country with tariffs,” and this week announced that these would be 125% in the case of China, one of the only countries to whom he did not announce temporary truce. But this is not so, guarantees the expert.

China’s Ministry of Foreign Ministry spokesman, Mao Ning, has also announced: “We are Chinese. We are not afraid of provocations. We will not retreat.”

Economist Nick Marro tells that the break between the two countries “is probably the strongest indication we have seen in the sense of a strong dissociation“But this is only possible because the country has other market opportunities.

We speak not only about Asian neighbors like the Malaysia, Vietname and Cambodia, that the Chinese president will visit in the coming days, but also of unlikely allies like the South Africa, Saudi Arabia and Indiawith whom talks are already underway for a possible commercial agreement.

In addition, there is an alliance that can be reinforced by the tariff war situation: China – European Union. According to the BBC, a total elimination of European tariffs on Chinese cars is under study.

The senior counselor of the Center for Strategic and International Studies of the US Scott Kennedy states that “(China) weaknesses are significant, but in the context of a total war, they are controllable. The US will not be able to lead the Chinese economy to destruction“.

“Xi Jinping has been very clear, for a long time, that expects China to enter a period of prolonged struggle with the United States And its allies, which China needs to prepare for it, and has done it quite extensively, ”also the economic analyst Jacob Gunter tells CNN.“ Xi Jinping has accepted that the challenge is launched and ready to fight ”.