Finally showing its fangs! The US demands that the EU increase tariffs on Chinese goods, but it didn't expect China to have so many countermeasures.
According to a report by The Wall Street Journal, the US is using "trade agreements" as leverage to demand that the EU significantly increase tariffs on Chinese products, incorporating it into a unified pressure strategy against China. In 2022, the EU's total trade with China reached 906 billion euros, making China the EU's second-largest trading partner. This move aims to sever economic ties between China and Europe, weakening China's "market attractiveness" influence over Europe.
What's even worse is that the US has also proposed similar requirements in trade negotiations with other countries, including Japan and South Korea. However, the question is, will this tactic work against China, the world's largest manufacturing country? After the US threatened to impose a 50% tariff on imports from the EU starting June 1, the EU has clearly stated that it will retaliate with tariffs (such as steel, aluminum, agricultural products, etc.) and initiate a WTO dispute resolution process, accusing the US of violating international trade rules.
This time, the White House has truly shown its fangs. So what are our countermeasures? Of course, there are measures such as imposing reciprocal tariffs on the US (such as rare earth elements, chip equipment, agricultural products) to directly impact key American industries; strengthening trade cooperation with ASEAN and Africa, promoting RMB settlement, and reducing dependence on European and American markets; restricting exports of strategic resources like gallium and germanium to weaken the US military-industrial and semiconductor supply chains.
Finally, Brother Dao wants to say that when it comes to interests, even countries within the same Anglo-Saxon cultural circle may not stand with the US. Ultimately, the US will find itself shooting itself in the foot.
Original article: https://www.toutiao.com/article/1833062516026368/
Disclaimer: The article solely represents the author's personal views.