在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Beijing ready to face US trade arrows

Negotiation only practical path to combat tariff battle, analysts say

By Wang Keju and Liu Zhihua | China Daily | Updated: 2025-07-10 07:25
Share
Share - WeChat
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China's Tianjin. [Photo/Xinhua]

China's safety net — woven from robust domestic consumption, upgraded supply chains, and responsive policy levers — ensures that Beijing is well positioned to withstand Washington's ever-broadening trade war that has rattled markets worldwide, analysts said.

The nation's comprehensive efforts mean that the United States' unilateral tariff pressure faces diminishing returns, leading to phases where negotiation and cooperation become the only practical path forward, they added.

US President Donald Trump said on Tuesday that he will impose a 50 percent tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals.

Trump also reiterated his threat of 10 percent tariffs on imports from BRICS nations, which include Brazil, Russia, India, South Africa and China, one day after he pressured 14 trade partners, including South Korea and Japan, with sharply higher tariffs.

Beijing and Washington agreed to a trade framework in June, but the haphazard way in which new tariffs have been announced, coupled with the erratic behavior of the Trump administration, is complicating the situation.

The US administration initially aimed to secure "90 deals in 90 days" after Trump resorted to an array of country-specific tariffs in early April. So far, only two agreements — with the United Kingdom and Vietnam — have been reached.

Economists believe that the resilience of the Chinese economy, characterized by its market depth, industrial upgrading and policy agility, makes Beijing well-positioned to weather external shocks.

"With a consumer market of 1.4 billion people and vast untapped domestic demand potential, the expanding contribution of domestic consumption has emerged as a strong economic stabilizer," Chen Deqiu, vice-president of the University of International Business and Economics, told China Daily.

"As China continues to drive industrial upgrading and technological breakthroughs, it is transforming external pressures into the driving force for high-quality development," Chen said.

Amid a multipolar realignment of global supply chains, China is fortifying critical links within its value chains. The resilience of China's core industrial ecosystems will serve as a strategic fulcrum in long-term global competition, Chen added.

Chen Wenling, former chief economist at the China Center for International Economic Exchanges, said that China has had ample policy preparation in addressing the trade war and tariff battles initiated by the US.

Apart from rare earth and other mineral resources, the US has a strong dependence on several other Chinese products, Chen said.

Chen added that 80 percent of the raw materials for US chemical pharmaceuticals come from China, 92 percent of television display screens are made in the country, and over 60 percent of the intermediate goods in US manufacturing are sourced from China.

"It will be hard-pressed to find alternatives to these Chinese products in the short to medium-term. The US will have to compromise to a certain extent and for a certain period," Chen said.

Trump administration officials expect to travel to China in early August to begin a "bigger trade conversation" between the two largest economies in the world, US Commerce Secretary Howard Lutnick said in an interview with CNBC on Tuesday.

It is in the best interests of both countries to resolve their differences through equal and constructive dialogues since tariff wars ultimately produce no winners — they only end up harming the economies and people of both countries involved, experts said.

"Tariffs are fundamentally a cost-shifting mechanism," Chen Deqiu said. "After the US imposed additional tariffs, 90 percent of the costs have been borne by US importers and consumers, pushing up price levels, increasing production costs and raising average annual household expenses."

Although the White House has attempted to revive domestic manufacturing through tariffs, industrial hollowing-out stems from its own financial overexpansion and labor cost issues — problems that tariffs do nothing to address, Chen said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美黄色a视频 | 国产精品美女久久久 | 国产精品一区二区三区视频网站 | 九九在线视频 | 国产伦精品一区二区三区不卡视频 | 亚洲一区二区三区免费视频 | 亚洲一区二区在线 | 久久99精品久久久久久青青日本 | 午夜精品一区二区三区在线视频 | 欧美一区二区视频 | 嫩草91| 一区二区三区四区在线 | 91精品国产91久久久久久不卡 | 一区二区精品 | av在线免费观看网址 | 国产精品福利在线观看 | 久久精品高清视频 | 综合久久网 | 黄色一级毛片 | 亚洲第一精品在线 | 亚洲久草 | 免费黄频在线观看 | 西西做爰免费视频 | 久在线| 国产欧美日韩综合精品一区二区 | 97伦理电影 | 极品在线视频 | 2020国产在线 | 国产精品成人一区二区 | 成人黄色免费看 | 亚洲毛片 | 91精品国产91久久久久久吃药 | 日韩大片免费观看视频播放 | 午夜激情免费在线观看 | 亚洲成人毛片 | 国产中文字幕在线 | 午夜视频91| 色网址在线 | 自拍视频网站 | 午夜视频在线观看网站 | 亚洲精品电影网在线观看 |