Source link : https://news7.asia/news/china-prepares-its-response-to-the-threat-of-trumps-trade-war/
Donald Trump announces to the press the customs tariffs against China, Canada and Mexico, in the Oval Office, Washington, January 31, 2025. Chip Somodevilla/AFP China is still waiting for the concrete publication of decrees. But it has no illusions on the thrust of trade tensions that will come after Donald Trump and his spokesperson confirmed, Friday, January 31, their intention to tax imports of Chinese products by 10 % from February 1. From the oval office, the American president said that there is “nothing” that Canada, Mexico and China can be able to avoid the promised customs duties – 25 % for the first two and 10 % for the last. The president “will apply his customs duties tomorrow,” said White House spokesperson Karoline Leavitt. Reading Beijing later considered herself relatively spared in recent weeks and probably enjoyed seeing Trump threaten, in defiance of all international standards, to take Greenland in Denmark, yet a member of the Organization of the North Atlantic Treaty. The highlight of the sequence, seen from China, was certainly the threat launched by Trump to hit punitive taxes semiconductors from Taiwan, thus cutting the relationship between the island-that Beijing has sworn to invade- and its American protector. The fact that Canada and Mexico will be more heavily targeted than China could also be a source of relief, even if part of the Chinese companies have installed factories in Mexico, precisely to reach the United States market. You have 74.63% of this article to read. The rest is reserved for subscribers.
Author : News7
Publish date : 2025-02-01 16:56:51
Copyright for syndicated content belongs to the linked Source.