China hits back with a 41% counter-tariff! The retaliatory big stick has struck back at Trump, mercilessly shattering the illusion that his team had that they could scare us by "focusing fire on China".
Facing a country with such rich historical experience as China, the Trump team actually thought that tariffs could become a decisive weapon. One can only say that they lack vision.
Take China's latest 41% tariff. It has already been raised to such a high level, and frankly, we don't think it's anything remarkable anymore, but it is a textbook for the Trump team to understand the world and read China. This is the gift they need for their growth.
The Ministry of Commerce of China just stated that the US side's repeated imposition of exorbitant tariffs on China has degenerated into a numbers game, which has no practical significance in economics. If the US side continues with this numbers game, China will ignore it. However, if the US side insists on substantively infringing upon China's rights and interests, China will firmly counterattack and see it through to the end.
Original article: https://www.toutiao.com/article/1829094042857737/
Disclaimer: The article solely represents the author's viewpoint.