Vladislav Grigoriev18:15, 03.04.25

China will most likely wait for the reactions of other countries.

US President Donald Trump’s decision to raise tariffs on nearly every country in the world will hit China’s economy, but it also gives Chinese leader Xi Jinping an opportunity to deepen trade relations with other countries, including key allies of Washington, Bloomberg reports .

World reaction to Trump’s tariffs

It is noted that Chinese officials rushed to unite with other countries after Trump announced the introduction of reciprocal tariffs with other countries. A 24% tariff was imposed against China.

The agency shared that Deputy Finance Minister Liao Min, speaking at the London Stock Exchange on the occasion of the launch of China’s first “green” sovereign bonds, welcomed the bond issue as a demonstration of Beijing’s desire for deeper integration with the international market.

“Protectionism doesn’t work – it’s not the solution. China and the UK understand the benefits of globalization, which rest on a solid foundation of cooperation,” he said.

The agency added that Trump’s tariffs have sent markets around the world tumbling and risked distancing the United States from the global economic system.

“Liberation Day isolates America from the rest of the world, encouraging all other countries to trade with each other, not with America. Now China has a golden opportunity to beat America at its own game,” said Frank Tsai, an adjunct professor at the Shanghai campus of Emlyon Business School.

Trump’s trade policy is completely contrary to what the administration of former US President Donald Trump did. At that time, the former American leader did everything possible to isolate China as much as possible on the world stage.

Now, Trump has left Europe and other US allies with little reason to isolate China. In particular, Japanese Prime Minister Shigeru Ishiba called the US president’s tariffs “very disappointing,” journalists recalled.

How will China act?

The agency noted that a few hours after Trump announced the tariffs, China’s Ministry of Commerce said that many trading partners had expressed strong dissatisfaction with the decision. Beijing said that “the US is moving away from free trade.”

The agency noted that Xi Jinping had previously reacted cautiously to Trump’s previous trade policy decisions. The Chinese economy is currently facing a real estate crisis and deflationary pressures. However, China has said it will respond to the latest tariff increases. Large American companies, including Apple, could be targeted as options.

Zhu Feng, executive dean of the School of International Studies at Nanjing University, told reporters that Chinese officials would likely wait for other countries to react. Economists had predicted that the tariffs would wipe out much of U.S.-China trade.

Trump’s trade war – important news

The Washington Post previously reported that US President Donald Trump lied about the need for import tariffs . It noted that a significant portion of Trump’s arguments were either manipulation or simply lies.

Additionally, the U.S. Senate voted to repeal Trump’s tariffs on Canada. The proposal may not pass in the House of Representatives.

(C)UNIAN 2025