fredag 4. april 2025

Are Trump's Asia tariffs a 'full-frontal assault' on China?

As US President Donald Trump laid out tariffs on virtually every one of America's trading partners on Wednesday, he had strong words for Beijing. "I have great respect for President Xi [Jinping] of China, great respect for China, but they were taking tremendous advantage of us," Trump said during his roughly hour-long address.

Holding up a chart listing countries and territories that he said had put up trade barriers to US goods, Trump said: "If you look at that... China, first row, 67%. That's tariffs charged to the USA, including currency manipulation and trade barriers." "We are going to be charging [them] a discounted reciprocal tariff of 34%," he added. "In other words, they charge us, we charge them, we charge them less. So how can anybody be upset?"

But China's Commerce Ministry immediately called the move "a typical act of unilateral bullying" and pledged to take "resolute countermeasures to safeguard its rights and interests".