China Raises Tariffs on US Goods to 125% in Retaliation, and Says It Won’t Go Higher
freagle @ freagle @lemmygrad.ml Posts 8Comments 1,614Joined 3 yr. ago
freagle @ freagle @lemmygrad.ml
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I think this is a particularly nuanced position on the part of China. They are attempting to deflate Trump's political posturing. He could keep raising tariffs to make himself seem like a winner, so they chose to mock him and they backed that mockery up by saying we won't respond to this line of harassment anymore because we have maximally defenses against it. If Trump was only doing tariffs, this would be the end of it, but China is anticipating that without the ability to continue narrative manipulation via tariffs, the US could begin expanding its attack on China via non-tariff means (and likely is already preparing to do so). So, instead of saying that they are no longer playing the game, they are saying that they are no longer effected by this particular line of attack and that they will continue defending against any new lines of attack.
I don't know if they will take such actions to respond to further tariff hikes, but it seems like they might not.