BEIJING – Chinese officials have taken a coordinated, unified position in response to the trade dispute launched by President Donald Trump’s administration against their country.
China’s Commerce Minister said on Thursday that Washington’s trade and investment restrictions in Beijing are typical unilateral and bullying acts that “harm others without bringing profits to themselves.”
At a press conference in Beijing, in a voice on the sidelines of the third session of the 14th National People’s Assembly, Wang Wentao condemned US tariffs on China.
He said “an attempt to force or intimidate China is not successful, nor does it threaten China.”
On Wednesday, China’s Foreign Ministry issued a strong warning to the US about the trade war.
“Pressing extreme pressure on China is a wrong target and a wrong calculation. If the US has other intentions and claims a tariff war, trade war, or other war, China will fight to the end. We advise the US to clean up the face of bullying and return to the correct trajectory of dialogue and cooperation as soon as possible,” said Lin Jiang, a spokesman for the province.
On Tuesday, Trump imposed a 10% tariff on Chinese goods, reducing the cumulative obligation to 20%. In response, China has placed up to 15% duties on the range of US agricultural products.
Trump’s tariffs appear to be in line with the US policy of containing China. However, this movement explodes in his face.
Trump argues that tariffs will help boost the US economy and protect jobs. However, ground facts show that such measures will ultimately raise prices for American consumers.
Trump’s tariffs could damage China’s production. But they fail to stop or replace it easily. China’s trade with Southeast Asia, Latin America and Europe is growing and new markets can be found for export.
Moreover, factories in China can produce high-end technology in large quantities at high cost. China focuses on advanced technologies from clothing and footwear production, including Washington’s nightmare, including robotics and artificial intelligence (AI).
Chinese AI startup Deepseek hit headlines around the world in late January after smashing through the app download charts and sinking high-tech stocks.
The popularity of Deepseek’s latest AI model rattles investors and wipes out billions of dollars from the market value of chip giant Nvidia. He also questioned whether US companies would control the booming AI market.
The emergence of Deepseek represents a major advancement for the Chinese government, which has been working to develop technologies independent of Western influence.
It is clear that China’s growing technology can now cause tsunamis in US financial markets.
China’s achievements in the field of advanced technology will increase its valued export capacity and counter the effects of Trump’s tariffs.