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China is not afraid of the us in the face of the threat of a trade war

Date:2019-05-15 Hits:296

                                              China is not afraid of the us in the face of the threat of a trade war

Following an increase in tariffs from 10 per cent to 25 per cent on $200bn of Chinese imports, the us has threatened to start the process of imposing a 25 per cent tax on the remaining $325bn of Chinese imports and will announce the list in the coming days. There is nothing to fear from the extreme pressure of the United States. On the contrary, the greater the pressure, the stronger the focus of China. China has long made it clear that it is unwilling to fight a trade war, but is not afraid to do so. China has long given the answer to both America's soft and hard hands: talk and open the door; Fight, fight to the end.

A 25 percent tariff on $250 billion in Chinese exports would cost the United States 934,000 jobs a year and increase annual spending by a family of four by $767.

A 25 percent tariff on the remaining $325 billion in Chinese goods would cost the United States 2.1 million jobs a year, and a family of four would spend an additional $2,000 a year

However, China's export dependency has fallen to 17.9 per cent and domestic demand is becoming a strong support for the country

From the data:1:Trade between China and the United States fell 11.2 percent

                       2:China's exports to the United States fell 4.8 percent

                       3:China's imports from the United States fell 26.8 percent

                       4:China's trade surplus with the United States is too large, at 10.5 percent

                       5:The share of china-us trade in China's total foreign trade dropped to 11.5 percent

                       6:The trade volume of countries along the One Belt And One Road route increased by 9.1%, 4.8 percentage points higher than the overall growth of China's foreign trade

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