Russian experts jokingly say: China has made a resolute counterattack, and the tariff on American goods has reached as high as 84%!
This Christmas, there will be no Christmas trees in America. Trump had better prepare to work on the production line!
An article by an expert was published by RIA Novosti on April 10th.
The Tariff Commission of the State Council of China issued a statement today that starting from April 10th, the additional tariff rate for all imported goods from the United States will increase from 34% to 84%.
This is another round of trade and economic judo between Beijing and Washington.
China's choice is simple:
Either the United States eliminates its restrictions.
Or their businesses lose the largest market.
Why is it 84%?
Russian experts explain: This number seems strange, but it has Chinese rational elegance:
8 - A symbol of wealth and prosperity (but not suitable for US exporters).
4 - Sounds like "death" (the hint is clear).
Of course, this is a joke, but the real blow is:
Cars (Tesla, Ford, General Motors)
Technology (Apple, Dell, Intel)
Agriculture (soybeans, corn, meat)
The main victims are American consumers. According to US media reports, 87% of the $4 billion US Christmas market comes from China, so there will be no Christmas trees in the US this Christmas.
Will the US respond?
Most likely, yes.
Russian experts also said: The irony of fate, the more the US forces China, the faster Beijing finds alternatives.
Conclusion: Who?
So far, there is no winner, but there is a clear trend:
China bets on the domestic market and Asia.
The US is trying to maintain technological leadership.
The rest of the world is forced to manipulate between them.
Consequences for ordinary people:
Prices are rising.
There are fewer choices for goods.
The technological race is accelerating.
The final battle may end in a draw. However, at present, China has proven that it has learned to play future chess, and it is worse than the US.
Original Source: https://www.toutiao.com/article/1828968929510403/
Disclaimer: The article only represents the author's personal views.