{"id":3650,"date":"2025-04-08T07:49:07","date_gmt":"2025-04-08T06:49:07","guid":{"rendered":"https:\/\/blogg.lnu.se\/china-research\/?p=3650"},"modified":"2025-04-08T07:49:45","modified_gmt":"2025-04-08T06:49:45","slug":"china-wants-to-counteract-trumps-trade-war","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=3650","title":{"rendered":"China wants to counteract Trump\u2019s trade war"},"content":{"rendered":"\n<p>China is about to become badly hit by President Trump\u2019s sharply raised tariffs. As an answer to China\u2019s first response, the American president has envisaged a further substantial rise of import tariffs from China, maybe by as much as another 50 percent.<\/p>\n\n\n\n<p>The current situation can really be regarded as a global trade war with China as the main opponent for the United States. This is nothing new. Indeed, I had quite some articles and comments on this issue in the past (see, for example, from 2019 https:\/\/blogg.lnu.se\/china-research\/?p=2796).<\/p>\n\n\n\n<p>Trump\u2019s rude treatment of China may have different reasons. There be a link to what many observers in the West consider as China\u2019s \u201cunfair trading\u201d by different direct and indirect export subsidies. But it may also be Trump\u2019s objective to change China into a more comfortable competitor country, i.e. for the U.S. Or there may be both explanations.<\/p>\n\n\n\n<p>China tries to find an answer<\/p>\n\n\n\n<p>When studying reactions on Trump\u2019s tariffs in Chinese media, quite some comments deal with desirable normalization of business contacts between the U.S. and China (<a href=\"http:\/\/en.people.cn\/n3\/2025\/0407\/c90000-20298634.html\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/en.people.cn\/n3\/2025\/0407\/c90000-20298634.html<\/a>). Certain pragmatism still seems to exist when it comes to China\u2019s commercial relations to the U.S.<\/p>\n\n\n\n<p>But in my view, China will focus mainly on strengthening domestic demand in order to react on American tariffs and to give more steam to the economy \u2013 despite the serious debt situation (see also from 2024: https:\/\/blogg.lnu.se\/china-research\/?p=3606). Still, China obviously plays down the size of its enormous domestic debt \u2013 and so seem reactions of global financial markets (which is not really understandable, see my analysis from January 2025 https:\/\/blogg.lnu.se\/china-research\/?p=3615).<\/p>\n\n\n\n<p>Finally, I would like to quote professor Jeffrey Sachs \u2013 expert on emerging markets &#8211; by using his words that Washington should not aspire to a world in which it alone is prosperous, while everyone else remains poor. Instead, it should strive for a world in which prosperity is widely shared, and all nations can reap the benefits of peace and openness .<\/p>\n\n\n\n<p>All these positive aspects assume liberal and\/or free trade conditions.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/lnu.se\/api\/media\/12178-fw350fh461cy28cw350ch350\" alt=\"\" style=\"width:94px;height:auto\" \/><\/figure>\n\n\n\n<p><strong><em>Hubert Fromlet<\/em><\/strong> <br>Affiliate Professor at the School of Business and Economics, Linnaeus University<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is about to become badly hit by President Trump\u2019s sharply raised tariffs. As an answer to China\u2019s first response, the American president has envisaged a further substantial rise of import tariffs from China, maybe by as much as another 50 percent. The current situation can really be regarded as a global trade war with [&hellip;]<\/p>\n","protected":false},"author":126,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13398,10503,13620],"tags":[],"class_list":["post-3650","post","type-post","status-publish","format-standard","hentry","category-china-2","category-other-emerging-markets","category-previous-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>China wants to counteract Trump\u2019s trade war - China Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/china-research\/?p=3650\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"China wants to counteract Trump\u2019s trade war - China Research\" \/>\r\n<meta property=\"og:description\" content=\"China is about to become badly hit by President Trump\u2019s sharply raised tariffs. As an answer to China\u2019s first response, the American president has envisaged a further substantial rise of import tariffs from China, maybe by as much as another 50 percent. The current situation can really be regarded as a global trade war with [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blogg.lnu.se\/china-research\/?p=3650\" \/>\r\n<meta property=\"og:site_name\" content=\"China Research\" \/>\r\n<meta property=\"article:published_time\" content=\"2025-04-08T06:49:07+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-04-08T06:49:45+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/lnu.se\/api\/media\/12178-fw350fh461cy28cw350ch350\" \/>\r\n<meta name=\"author\" content=\"Hubert Fromlet\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hubert Fromlet\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/?p=3650\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?p=3650\",\"name\":\"China wants to counteract Trump\u2019s trade war - China Research\",\"isPartOf\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\"},\"datePublished\":\"2025-04-08T06:49:07+00:00\",\"dateModified\":\"2025-04-08T06:49:45+00:00\",\"author\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/3c3b67b85e96d1cc89d09dda3a189b38\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogg.lnu.se\/china-research\/?p=3650\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/\",\"name\":\"China Research\",\"description\":\"A discussion forum on emerging markets, mainly China  \u2013                                          from a macro, micro, institutional and corporate angle.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/3c3b67b85e96d1cc89d09dda3a189b38\",\"name\":\"Hubert Fromlet\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?author=126\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China wants to counteract Trump\u2019s trade war - China Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogg.lnu.se\/china-research\/?p=3650","og_locale":"en_US","og_type":"article","og_title":"China wants to counteract Trump\u2019s trade war - China Research","og_description":"China is about to become badly hit by President Trump\u2019s sharply raised tariffs. 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