Wall Street may be reeling, but Beijing isn’t backing down from President Trump’s latest trade gambit. The U.S. leader warned of 50% tariffs on $50B of Chinese goods starting April 10 – which would push total levies to a whopping 104% for some imports. 💥
China’s Commerce Ministry fired back sharply: “If the U.S. insists on its own way, China will fight to the end.” The clash highlights Washington’s attempt to strong-arm Beijing into accepting terms critics call “economic bullying.”
Why China Says It Won’t Fold
📉 Shifting economic foundations: China’s foreign trade reliance has HALVED since 2006 (64% → 35%), with domestic consumption now driving 70% of growth. 🛒
🇨🇳 Strategic recalibration: Exports to the U.S. dropped from 19.2% (2018) to 14.7% this year – a sign analysts say reflects “domestic circulation” reforms prioritizing self-sufficiency.
