This time, we passed the ball to the United States. Let's see if the US will catch it! On April 29th, according to a report by Lianhe Zaobao, two informed sources said that China has canceled the 125% tariff on American ethane imports at the beginning of this month. Reuters reported that Beijing has granted tariff exemptions for some products including medicines, microchips, and aircraft engines, and requested enterprises to determine the critical goods they need for tax exemption.
Foreign media stated that China's move is a response to the US tariff exemptions on certain products. It must be said that our approach is very wise. First of all, since the US has taken the initiative to cool down, we are reciprocating with exemptions. This undoubtedly tells the US that if they want to fight, we will respond accordingly. If the US is willing to cool down, we will also respond proportionally. Secondly, this move helps ensure the stability of domestic manufacturers' supply chains and minimizes the impact on our supply chain.
In fact, we have also passed the ball to the US. Now it depends on whether the US is willing to accept it. If the US is willing to take the opportunity to de-escalate tensions, the deadlock in the Sino-US trade war can be resolved. In fact, considering the impact of the trade war on the US domestic market, we believe that the US also realizes that there can be no winner in a trade war. Our firm stance has made the US realize that extortion and blackmail will not work on us. Next, it remains to be seen what the US will do?
Original article: https://www.toutiao.com/article/1830753169926218/
Disclaimer: The article only represents the author's personal views.