China responded by raising its own import duties on President Donald Trump, but experts could have the Daily Carener News Foundation influenced the US as much as the Chinese Communist Party (CCP) would like He said he said he was not sexually dependent.
China has established 15% Customs Coal and Liquefied Natural Gas (LNG) and 10% Customs For crude oil, agricultural machinery and heavy engine vehicles, as a response to the 10% tariff on all commodities. However, China’s move is unlikely to have a major impact on US consumers and producers, as the US can go elsewhere for affected products, experts told DCNF Ta.
“China’s tariffs on the US, gas and oil are unlikely to have a major or negative impact on the US economy,” John Lee, a senior fellow at the Hudson Institute, told DCNF. “These are products that the US can sell very easily to other markets. For example, the US is the world’s largest exporter of LNG, and can sell more to the UK and the EU. Agricultural machinery, trucks, China’s tariffs on heavy vehicles are also not overly important, as China is not the main buyer of these American products.” (Related: Charles Payne says “fear” must stop in the market, pointing to how we thrived from tariffs)
The main reason for Trump’s tariffs is “an extraordinary threat posed by deadly aliens and drugs,” and “constituting a national emergency” “including fatal fentanyl.” According to To the White House. The fentanyl trade was also a major influence in Mexico and Canada’s tariff decisions.
China supplies precursor chemicals used to manufacture fentanyl, and in many cases it is unable to prosecute the responsible person at its own borders. Many of these precursor chemicals and fentanyl pass through the southern border and kill thousands of Americans each year.
President Donald Trump will speak at the National Prayer Breakfast in the Statue Hall of the U.S. Capitol Building on February 6, 2025 in Washington, DC. (Photo: Kayla Bartkowski/Getty Images)
China imported goods worth $165 billion from the US in 2023. According to Go to TradingConomics data. Most of China’s imports include mineral fuels, oil, and [and] distilled products that comprised the $22.44 billion imports.”
The US does not export much natural gas to China, making up for about 2.3% of the total US natural gas exports in 2023. According to US Energy Information Management (EIA) data. The same can be said in China only when it comes to coal exports. import 6% of total US coal exports in 2023.
“Overall, when there is a trade war, the US has far more options and weapons than China,” Lee told DCNF.
China launched a complaint with the World Trade Organization (WTO) on Tuesday over Trump’s tariffs, claiming the measure was “discriminatory” and illegal under WTO rules.
“The unilateral increase in US tariffs is a serious violation of the rules of the World Trade Organization.” I said In a statement. “It’s not only does it help to solve its own problems, but it also undermines the usual economic and trade cooperation between China and the US.”
In 60 days, if China and the US do not reach a resolution, the WTO can convene a dispute resolution panel of three judges to rule the issue. But the US has actively He blocked appointments to this panel. This could hinder China’s hopes of using international organizations to solve the problem.
“What you’re looking at here is that these retaliatory tariffs from China aren’t a lot of things we’re already dealing with, and not particularly close to what we’re trying to deal with them. That’s what I think. Richard Stern of the Grover M. Hermann Hermann Center for the Heritage Foundation told DCNF.
Trump has previously used tariffs to concessions on strong farms in Canada and Mexico, dealing with the ongoing tropical border crisis, and pledging to help Canada secure its northern border, Mexico is planning to deploy a border of 10,000 people to the border.
Stern believes Trump could use his tariffs in China in a similar way to dealing with two US neighbors.
“I think there’s something bigger on the table,” Stern told DCNF. “There’s a huge amount of intellectual property theft that China has been involved with from US companies operating in China. The other is, of course, Tiktok, right? Some of these negotiations are at least in Tiktok. I suspect it has something to do with the sale and the hardball politics we play on it.”
China is a frequent thief of intellectual property from the US, with an estimated $225 to $600 billion annual losses from theft of counterfeit products, software and trade secrets; According to To the Federal Bureau of Investigation in 2019.
The Chinese Embassy did not respond to DCNF’s request for comment.
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