UK Daily Telegraph: Trump Has Found a Way to Cut Off China
UK Daily Telegraph, July 8 report, US President Trump is implementing an "economic encirclement" of China by building an Asian customs union network. New data shows that it has imposed a 40% punitive tariff on goods transiting through Vietnam to China, doubling the 20% tax rate for Vietnamese products. Economist Neil Shearing from Capital Economics pointed out: "This is not an ordinary trade war, but a new form of competition between the US and China as superpowers." At the same time, the White House has issued ultimatums to multiple Southeast Asian countries, planning to impose 25% tariffs on Malaysia, 32% on Indonesia, and 36% on Thailand and Cambodia, with a three-week deadline to reach a trade agreement. Previously, the US-UK agreement had incorporated a "China investment veto clause," while the Vietnam agreement specifically targeted the loophole of Chinese "transit exports." Analysts believe that the Trump administration is trying to cut off the supply chain integration between China and the Asian market through a regional customs union, directly impacting Beijing's export-oriented economic lifeline.
Original article: https://www.toutiao.com/article/1837121469636608/
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