China's strong counterattack, the China-US tariff war!!!

Yesterday it was said that Trump's purpose of reciprocal tariffs is to reduce debt, but if countries do not take old Trump’s hand, it will be awkward.

Sure enough, just a few hours later, China announced: starting from April 10, an additional 34% tariff will be imposed on all US imports, covering all fields such as agricultural products, energy, semiconductors, and automobiles. At the same time, a number of US companies were placed on the export control list, showing not only a very tough attitude but also a rapid response, indicating that China had already prepared relevant plans and was just waiting for the US to make a move to immediately counterattack.

The trade deficit between China and the US is huge, with the US trade deficit with China reaching $361 billion in 2024 (China's exports $524.6 billion vs imports $163.6 billion). If both sides impose a 34% tariff, foreign trade would basically be impossible. Hundreds of billions of dollars in business, one side does not intend to import anymore, and the other does not intend to export anymore. This is how it is, it can't be played anymore.

The reason why the US is so arrogant is that they are the world's largest trade deficit country, and their deficit is greater than the combined deficits of the 2nd to 10th countries. Most countries make a profit in trade with the US, so they are unwilling to fall out with the US unless absolutely necessary. Moreover, the US is also the world's largest consumer market, with nearly $20 trillion in scale, accounting for one-third of the global market. If the US market is abandoned, where to sell the surplus goods is a very tricky problem.

But China still made a counterattack at the first moment. In the case where most countries and regions around the world are hesitant or compromising towards US tariffs, China set the toughest example.

What is most anticipated in the future is the moment for global alignment, as China fires the first shot in retaliation, ASEAN, the EU, Japan, and South Korea face a historic choice.

Follow China? Join forces to resist unilateralism and reconstruct trade rules.
Compromise with the US? Become a vassal of hegemony and sacrifice the autonomy of the industrial chain.

This will be a historic alignment, a new watershed in the world order is about to gradually emerge.

Go for it, China!!!

#中美关税战 #全球贸易格局 #历史性站队 #BNB