(qlmbusinessnews.com . Mon 14th Apr, 2025) London, UK —
China’s Economic Counterattack: The Real Story Behind US Tariffs
Beijing is standing firm against US tariffs, with Chinese leaders insisting that the nation need not yield to what it deems bullying tactics from President Donald Trump. Despite historically strong US trade relations, US imports account for only around 2% of China’s GDP—a fact that underscores Beijing’s considerable economic latitude.
Amid ongoing domestic challenges including a prolonged real estate crisis, mounting regional debt and persistent youth unemployment, the Communist Party is cautious about entering a full-blown trade war. Nevertheless, officials have assured the public that China is in a strong position to counteract US measures, with its own tariffs poised to significantly impact American exporters.
During a recent meeting in Beijing, President Xi Jinping told Spanish Prime Minister Pedro Sanchez that China and the European Union should unite to counter what they describe as the unilateral bullying of the Trump administration. Sanchez affirmed that strained US–China relations should not impede European cooperation with Beijing. The meeting coincided with another round of tariff hikes imposed by Beijing on US goods, even as officials maintained that no further retaliatory measures would be forthcoming in response to additional US increases.
Looking ahead, President Xi is scheduled to visit Malaysia, Vietnam and Cambodia this week—nations that have also been adversely affected by US tariffs. Meanwhile, Chinese ministers are engaging with counterparts from South Africa, Saudi Arabia and India to bolster trade partnerships. Discussions are also underway between China and the EU regarding the removal of European tariffs on Chinese cars, potentially replacing them with a minimum price to curb dumping.
Analysts now view these mutual tariff increases as largely symbolic since much of the direct trade between the two economic powerhouses has already been diminished. In a show of determination, China’s Foreign Ministry spokesperson Mao Ning recently shared historic images of Chairman Mao, including a clip from the Korean War where Mao declared that China would never yield. “We are Chinese. We are not afraid of provocations. We won't back down,” she affirmed—an unmistakable signal of Beijing’s resolve to stand its ground.
This News Story is brought to you by QLM Business News, your Digital Media Channel
Visit QLM businessnews.com
For more business news stories also follow us on Facebook, X and Youtube.
To Help qlm business news bring you more new stories like this, please like, share and subscribe.
Unlock unparalleled business growth and effortlessly attract a stream of new customers through QLM Business News Sponsored Advertising. Elevate your brand's presence and captivate your target audience with precision. Visit QLMbusinessnews.com and click on “Advertise” to harness the power of strategic advertising. Don't miss this unparalleled opportunity to propel your business to new heights of success!
Disclaimer: All images presented herein are intended solely for illustrative purposes and may not accurately depict the true likeness of the subjects, objects, or individuals referenced in the accompanying news stories.
