In a bold move that has captured global attention, China is ready to fight back against new tariff threats from the United States. Despite a turbulent backdrop on Wall Street, the Chinese mainland remains steadfast.
US leader Donald Trump warned via social media that if China doesn\'t retract its planned 34% counter-tariffs on American goods by April 8, a harsh 50% tariff—totaling 104% on some imports—will be imposed from April 10. In addition, all talks between Washington and Beijing will be halted.
China\'s Ministry of Commerce made it clear: "If the US insists on its own way, China will fight to the end." These countermeasures are seen as legitimate responses to economic bullying designed to safeguard sovereignty, security, and developmental interests.
Years of strategic reforms have empowered the Chinese mainland to reduce its reliance on foreign trade. While dependency on exports peaked at 64.2% in 2006, it has now fallen to less than 35%, with domestic consumption driving over 70% of economic growth. Moreover, exports to the US have declined notably in recent years.
This unfolding trade battle is like a high-stakes game of chess, where every move counts. The resilience and smart pivot to domestic growth send a powerful message: when faced with pressure, strength and strategy can redefine global trade dynamics. 💪🌍
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China is confident to fight till the end against the new tariff threat
cgtn.com
