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2025-04-14 Economy
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145 to 125: Chronicle of the US-China trade war
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Direct Translation via Google Translate. Edited.
Commentary by Russian military journalist Boris Rozhin:
[ColonelCassad] China has already announced that the current tariffs on American goods are quite sufficient and it is not going to bend under American pressure.
The US has already begun to back down a little, canceling tariffs on consumer electronics. Behind-the-scenes negotiations between the US and China on reducing tariffs are already underway.
The more intense this trade war is, the better. It is destroying the current economic global trading system, which was created in the interests of the West.
Meanwhile, the Democratic Penguin Republic celebrates the day of victory over American imperialism, which, under the threat of total war, was forced to reduce tariffs.
More from regnum.ru
WP: US and China are heading towards collapse due to unwillingness to give in in trade war
The United States and China are approaching economic collapse due to their unwillingness to give in in the trade standoff, The Washington Post (WP) columnists noted in their publication on April 13.
"The world's two largest powers are closer than ever to total economic collapse as President Donald Trump and Chinese leader Xi Jinping refuse to back down in a trade war that has turned into a game of chicken, " the article says.
Experts interviewed by the publication noted that the breakdown in economic ties between Washington and Beijing against the backdrop of escalating diplomatic conflicts increases the likelihood of fundamental changes in the global economy, as well as a real war between the US and China.
According to WP, Chinese officials are primarily concerned about the lack of communication channels between the countries, which complicates the normalization of relations.
"I was really shocked. I didn't expect the situation to deteriorate to this extent in just a few days," said Xin Qiang, deputy head of the Center for American Studies at Fudan University in Shanghai.
The stakes in the standoff are high and it has become a winner-take-all game, the authors added.
Even more from regnum.ru
White House says it is negotiating tariffs with 130 countries
The United States of America is negotiating with 130 countries on trade relations and tariffs. This was announced on April 13 by the Director of the National Economic Council of the administration Kevin Hassett.
"Right now, 130 countries have reached out and we're talking to them," Hassett said on CNN.
The council director added that these countries are subject to a 10% tariff on imports to the United States. In addition, a process to resolve trade disputes with China is underway, but it is “in its infancy,” Hassett added.
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Posted by badanov 2025-04-14 00:00||
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Posted by Grom the Affective 2025-04-14 09:28||
2025-04-14 09:28||
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