From retaliatory tariffs on US goods like car parts and soy beans to controls on raw minerals essential for American manufacturing.
"We expect China not to jump to immediate retaliation following the 10 per cent tariff hike, but will keep the doors of negotiation and cooperation open".
Bilateral trade totalled more than $530 billion in 2024, according to US data, with exports of Chinese goods to the United States exceeding $400 billion. That was second only to Mexico.
But that yawning trade imbalance -- $270.4 billion in January-November last year -- has long raised hackles in Washington.
This time around Washington has also called for China to crack down on exports to Mexico of chemical components used to make the synthetic opioid fentanyl.
The US president has ordered an in-depth review of Chinese trade practices, the results of which are due by April 1. That could serve as a "catalyst for more tariffs".
China may retaliate on a targeted basis and in a restrained manner, imposing tariffs on selected agricultural products, auto parts, energy.
China could also let the value of its currency devalue, increasing the competitiveness of its exports.
China's economy is in a much weaker position this time around; it will be substantially harder to withstand a barrage of tariffs
Source: AFP
https://www.thestar.com.my/aseanplus/as ... ew-tariffs
