China braces for potential trade war after Trump threatens to impose tariffs
TAIPEI, TAIWAN — China is bracing for potential tariffs after U.S. President Donald Trump threatened to slap a 10% duty on Chinese imports as early as Feb. 1. At a regular press briefing Wednesday, Chinese foreign ministry spokesperson Mao Ning stressed China’s commitment to defending its “national interests.” “We have always believed that there are no winners in a trade war or a tariff war,” she said. Following Trump’s remarks, China’s benchmark CSI 300 Index dropped 0.9% Wednesday, ending a four-day winning streak. The Hong Kong-listed Hang Seng China Enterprises Index, which tracks Chinese stocks, fell 2%. Beijing’s reactions come after Trump said his team was looking at potentially imposing a 10% tariff on Chinese imports because China has been “sending fentanyl into the U.S. through Mexico and Canada.” “Probably February 1st is the date we’re looking at,” the U.S. president told reporters Tuesday at the White House. Trump’s comment comes one day after he appeared to be holding off on imposing tariffs on imports from China, and he directed federal agencies to investigate U.S. trade deficits and unfair trade practices with other countries on Monday. On Chinese social media, the U.S. president’s threat was met with a mixed response. Some internet users said the 10% tariff could be followed by a series of duties imposed against Chinese goods, while others criticized Trump for being unpredictable and inconsistent with his decisions. “Why does the U.S. go through all this trouble? In the end, the American people are the ones who would have to pay because if China doesn’t export goods, American people won’t even have Christmas trees,” Chinese internet user Fortune Axe Brother wrote in a post on the Chinese social media platform Weibo. Some analysts say the threat to impose tariffs as early as Feb. 1 could be the U.S. president’s “negotiating gambit” to force concessions from China. “Compared to the 25% tariffs that Trump has threatened to impose on Mexico and Canada, the 10% tariff on Chinese imports seems like Trump going easy on China,” said Dexter Roberts, a non-resident fellow at Atlantic Council’s Global China Hub. In Roberts’ view, the threat reflects Trump’s desire to “cut some sort of deal” with Beijing. “If China comes through with what Trump views as concessions that are good for him and the U.S., he is very likely not to pursue those tariffs right away,” Roberts told VOA by phone. While it … “China braces for potential trade war after Trump threatens to impose tariffs” →