By the end of 2024, the trade volume between China and the United States reached as high as $688 billion, of which China imported goods worth $143.6 billion from the U.S., while the U.S. imported goods worth $544.4 billion from China. The U.S. has consistently been in a trade deficit, which is the foundation for U.S. President Trump's insistence on launching a tariff war against China, as the U.S. wants China to buy more American products.

Donald Trump

In fact, China has been purchasing large quantities of American agricultural products, chips, and semiconductor products, while other industrial products from the U.S. have not been very competitive in the Chinese market.

Similarly, by the end of 2024, China's total foreign trade volume reached $6.2 trillion, accounting for approximately 18% of the global total trade volume. Trade between China and the U.S. only accounts for about 10% of China's total foreign trade and does not constitute the majority. Currently, ASEAN has become China's largest trading partner.

China is the world's largest industrial country, with the total value of its manufacturing industry exceeding the combined total of the U.S., Germany, Japan, France, the U.K., and other major Western countries. If we exclude the exchange rate factors of Western countries, China's manufacturing advantage becomes even more apparent.

The above data are the backbone for China's confidence in engaging in a tariff war with the U.S., and also the basis for China to safeguard its own interests. The U.S. tariff war will not scare China; China has already raised tariffs on U.S. goods to 125%.

In response to China's tough stance, the U.S. is angry. U.S. White House spokesperson Caroline Levitt issued a warning, urging China to stop resisting.

Caroline Levitt

According to a report by Russia's Sputnik News Agency on April 12, U.S. White House spokesperson Caroline Levitt warned on Friday that if China continues to adopt countermeasures in response to the U.S. imposing additional tariffs, "it would be detrimental to China."

Levitt said, "If China intends to reach an agreement with the U.S., the president will be magnanimous. If China continues to retaliate, it will be detrimental to China. The U.S. is the strongest and best economy in the world. Over 75 countries immediately contacted the U.S. government to reach a good agreement, which is proof. The president wants to do the right thing for the American people."

Levitt did not answer whether Trump was waiting for China to take the initiative in negotiations.

Today, there are two wars in the world, one being the Ukraine-Russia conflict, and the other being the trade war.

The Ukraine-Russia conflict is a hot war. The U.S. and its Western allies have run out of options for dealing with Russia. Russia has withstood the West militarily, proving that Western countries cannot defeat a global military superpower. The Western military hegemony has been broken, and they can no longer intimidate large countries like Russia.

Although the China-U.S. trade war lacks the smoke of battle, it is actually no less intense than the Ukraine-Russia conflict. The U.S. aims to strangle China's development opportunities through the trade war and does not want the Chinese people to live a good life. Their intentions are extremely sinister. The Chinese people have the ability to defend their own interests and win this trade war.

As the nation with the longest history of civilization, the Chinese nation is hardworking, brave, and full of wisdom. Through our own efforts, we have once again brought our country to the forefront of the world. The Chinese people love peace and never resort to war lightly, but we are proud and will not bow to difficulties or threats. If anyone tries to stop our development or prevent us from living a good life, we will make them regret it.

Chairman Mao once said, "Our Chinese nation has the determination to fight to the end with our enemies, the resolve to restore old glories based on self-reliance, and the ability to stand among the nations of the world."

Original article: https://www.toutiao.com/article/7492239379021201920/

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