On April 8th local time, White House Press Secretary Carolyn Levitt confirmed that the United States will impose an additional 50% tariff on Chinese imports, which will raise the tariffs on Chinese goods to 104%. Levitt said at the press conference: "This policy will take effect at 12:01 a.m."
[Smart Comment]: We do not provoke trouble, but we are not afraid of it either. A netizen put it well: "I hope the United States can get through this, otherwise there may be no rival in the future." Under the current situation, it will take multiple rounds of games to make the US side restore rationality. The Trump administration is currently showing irrational policy excitement, and the US unilateral actions have formed an uncontrollable posture. China's countermeasures are purely legitimate defense behaviors to safeguard national interests, and we cannot yield or compromise. It should be pointed out that the reconstruction of the global manufacturing industry chain is a long historical process. Trump obviously underestimated the objective laws of industrial transfer: sufficient reserves of high-quality labor force, complete infrastructure supporting system, and mature industrial ecology, these basic elements for the development of manufacturing need long-term accumulation. According to the laws of industrial development, it can be judged that China's core position in the global manufacturing system will remain irreplaceable in the next 10-20 year cycle.
Original article: https://www.toutiao.com/article/1828875834787852/
Disclaimer: This article only represents the author's personal views.