#news #trade #China #US #tariffs
Beijing has imposed a 34% tariff on all American imports in response to President Donald Trump’s ‘Independence Day’ tariff. The escalating trade war between the United States and China has been analyzed for its implications and effects. According to data from Beijing, Chinese exports to the United States exceeded $500 billion last year, constituting 16.4% of China’s total exports.
The prolonged trade dispute has drawn strong reactions from leaders in Beijing, who are particularly sensitive to tariff escalations due to the significant role of international trade in their economy. Despite China’s efforts to attract American imports over the years, the recent tariff increases have posed a threat to China’s economic stability.
Ramesh Khatri, a representative of Kansai Nepal News, shared his perspective on the situation. He emphasized the need for both countries to engage in dialogue to resolve the conflict and expressed concerns about the negative impact of escalating tariffs on global trade.
The impact of the new American tariffs is significant, with a 34% increase imposed on various goods from China. This move has affected key sectors like electronics, aluminum, and automotive industries. Analysts predict that these tariffs could have a substantial negative effect on China’s top export industries, such as electronics and machinery.
In response, Beijing has pledged to implement retaliatory measures, including control over the export of rare minerals used in medical technology and consumer electronics. Additionally, China has tightened controls on American exports of medical equipment and semiconductor products.
Experts warn that the escalating tariffs could not only harm American producers but also affect consumers by disrupting the supply chain and increasing prices. The ongoing trade war is expected to have a detrimental impact on the global trade system, extending beyond China to affect international markets.
To address the escalating tensions, Beijing has called for dialogue but remains prepared to take necessary actions if negotiations do not yield positive results. Despite the possibility of renewed talks in the coming months, the historical pattern suggests that tariffs tend to rise quickly but decrease slowly, creating uncertainty in the global economy.
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Author: MAYA | HARUTO
Posted at: April 5, 2025 3:01 am
