Recent developments in U.S.-China trade relations have reignited global concerns over economic stability, as Washington’s escalating tariff strategies risk triggering a recession. U.S. President Donald Trump’s 90-day pause on “reciprocal tariffs” for non-retaliating countries contrasts sharply with increased levies on the Chinese mainland, now at 125 percent. This approach, dubbed the "Art of the Deal," faces staunch resistance from Beijing, which has vowed to defend its economic sovereignty.
China’s Firm Stance
Beijing’s Foreign Ministry spokesperson Lin Jian emphasized China’s resolve: "The Chinese people do not provoke trouble but are not afraid of it either." A newly released white paper underscored China’s position that "trade wars produce no winners," warning of the dangers of protectionism. UN data reveals the U.S. dependence on Chinese markets, with over 50% of American soybeans and 29.7% of cotton exported to China in 2024.
Economic Repercussions
While the U.S. leverages tariffs as negotiation tools, analysts warn of self-inflicted harm. China’s export diversification since 2018 has reduced its reliance on U.S. markets, while American industries remain vulnerable. "If the tariff war persists, it’s the U.S. that will suffer most," one expert noted, citing China’s growing trade partnerships across Asia and beyond.
Reference(s):
cgtn.com