Customs on US imports: China's sharp counterattack shakes the trade!

Customs on US imports: China's sharp counterattack shakes the trade!

china's retaliation duties on US imports have been in force. With the new additional custom of 84 percent for imports from the USA, China confirms its position in the current trade war, which has been burdening the global markets for years. The US government recently announced an increase in these tariffs to 125 percent, but so far there has been a reaction Beijing, which further heats up the tensions between the two largest economies in the world.

President Donald Trump justifies the drastic increase in customs with the lack of respect China compared to the global markets. In his explanation, Beijing reacts that it is ready to "fight to the end" and also accuses the USA "extortion". In the midst of this tense Situation, however, China is also looking for dialogue and wants to build better relationships with other trading partners.

economic relationships between China and the EU

In a sign of economic diplomacy, China's Minister of Commerce Wang Wentao and the EU trade commissioner Maros Sefcovic talked about the possibilities of economic exchange. Wang emphasized that the US tariffs endanger the interests of all countries and have a harmful effect on the global economic order. In this context, China and the EU have sought consultations on market access and a more advantageous business environment for companies.

China plays a central role in the trade with the European Union. In 2024, China was the third largest buyer of EU exports and the country from which the EU imported the most products. The trade deficit was around 300 billion euros to the disadvantage of the EU, which illustrates urgency to stabilize economic relationships in times of uncertainty.

global effects of the trade wars

As already noted, trade wars have a significant impact on the global economy. The ongoing tensions between large trading partners lead to uncertainties in international markets and thus cause potential economic damage. Companies are faced with higher import tariffs, which not only increases production costs, but also affects their competitiveness.

consumers have to expect higher prices for imported goods, which reduces their purchasing power. These challenges affect developing countries in particular, which are heavily dependent on international trade. It is therefore crucial to find a peaceful solution between the conflict parties in order to alleviate negative economic effects.

Analyzes show that the forecast growth rates for important economies could decrease on the basis of these trade wars: China -0.5%, Germany -0.3%, USA -0.2%. Long -term trade relationships are threatened by the trade restrictions, which leads to instability and uncertainty in the global market. For this reason, it is recommended to pursue strategies for coping with trade conflicts, such as bilateral conversations and the diversification of trading partners.