According to an article published in The Wall Street Journal, US President Trump's imposition of comprehensive import tariffs will change the global order, and China is clearly one of the winners of this policy.
The article points out that in response to the US's recent tariff increase, China announced that it would start levying a 34% tariff on American goods next week. This move is a response to Trump's tariff increase actions. In addition, Beijing has also blacklisted dozens of American companies, restricting their trade, investment, and exports. China has also implemented export restrictions on rare earth metals, which are crucial for high-tech manufacturing.
The Wall Street Journal stated that the current situation is a strategic gift for China because Beijing is confident in finding alternative sources for key imported products. Meanwhile, countries that previously sought to strengthen economic ties with the United States now face pressure. For example, Vietnam, Thailand, Indonesia, and the Philippines respectively face tariffs of 46%, 36%, 32%, and 17%. Japan and South Korea are respectively subject to 24% and 25% tariffs. This poses a threat to Washington's efforts to build an economic and strategic bloc to contain competitors.
The article cited data indicating that in 2024, the total trade volume between China and the US reached $688.28 billion, while the US's exports to China amounted to $163.62 billion, almost three times that of China's exports to the US. China imports agricultural products, microchips, engineering equipment, hydrocarbons, and metals from the US. The US buys smartphones, computers, lithium-ion batteries, plastic products, home appliances, children's toys, and more from China.
Original source: https://www.toutiao.com/article/1828617616465092/
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