mandag 31. mars 2025

Trump’s tariffs threaten to escalate a trade war. China wants to talk, but it’s ready to fight

As Donald Trump’s April 2 “Liberation Day” for announcing “reciprocal” tariffs on America’s trading partners approaches, the question in Beijing is whether this will be the moment when its nascent trade war with the US really escalates.

Mixed messages have kept Chinese officials guessing. The US president has long railed against the gaping trade deficit between the world’s two largest economies – and on the campaign trail threatened upwards of 60% duties on all Chinese goods coming into the US. That’s potentially putting Beijing prominently in line for Wednesday’s expected measures.

And yet, in recent days, Trump has suggested he could reduce tariffs on Chinese imports as part of a wider bargain on the sale of Chinese-social social media platform TikTok. Speaking on Air Force One on Sunday, he vowed again to complete a deal on the platform ahead of a Saturday deadline. Trump has also touted a “a great relationship” with Chinese leader Xi Jinping even as his government slapped tough controls on China’s access to US tech and called for tighter investment controls.