President Donald Trump has revived threats of substantial tariffs on Chinese imports, aiming for a blanket 60% tariff amid escalating trade tensions. These tariffs could impact various sectors, leading China to consider its countermeasures developed during Trump's previous term. Signals suggest Beijing might limit raw material exports essential for high-tech industries, such as electric vehicles and AI. Experts believe retaliatory tariffs could be implemented by China, given its refined understanding of U.S. trade strategies under Trump’s administration, contributing to an already intense techno-economic rivalry between the two nations.
"Depending on the range of such new US tariff measures, China is likely to respond to significant US tariff hikes by imposing retaliatory tariff countermeasures on US imports."
"China understands much better now what a Trump presidency brings," Zhu Min said, highlighting China's preparedness in response to Trump's trade policies.
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