U.S. Announces 100% Tariff Increase on China
2024-10-06 News Comments(84)

U.S. Announces 100% Tariff Increase on China

Previously, the United States postponed the imposition of tariffs on China, but now, before the results of the U.S. election are out, it has decided to impose tariffs on China. Moreover, the items subject to tariffs are not only numerous but also high in amount. Among them, the tariff on electric vehicles has even reached 100%. What exactly is going on, and why is the United States still targeting China?

Why is the United States still targeting China?

Some believe that the United States is targeting China, seemingly taking certain measures to protect its own interests, especially in the global electric vehicle market where Chinese cars are gradually taking on an important role, which forces the United States to pay attention.

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From a certain perspective, by increasing tariffs, the United States can not only reduce the competitive pressure on its related enterprises but also provide them with more opportunities for development.

Of course, such practices will also have certain negative effects, such as reducing the choices for domestic consumers, increasing the operating costs of domestic enterprises, and to some extent affecting the relationship between the two countries.

Take electric vehicles, for example. Electric vehicles have many advantages, such as environmental protection and low costs, which have attracted the attention of consumers worldwide. The United States is also actively promoting the electric vehicle industry and has even increased investment in related fields. If cooperation were possible, it would undoubtedly be a good choice.

However, the United States believes that China is developing rapidly in this field, and consumers in many countries are very interested in Chinese electric vehicles, and have even chosen Chinese electric vehicles. This has a certain impact on the automotive industry of the United States and other countries.

In addition, the trade relations between countries are now very close, so some people also believe that the United States made this decision considering the changes in the global trade environment.

Of course, no matter what, China does not recognize this list of increased tariffs and has also stated externally that it will adhere to its legal interests.At the same time, China still hopes that the United States can cooperate with China on an equal footing, after all, the interests of various countries are closely linked today, and only cooperation can achieve true win-win results.

If the United States really insists on doing so, then China will inevitably take corresponding countermeasures to protect its own interests.

In addition, there is a hidden message in this tariff list, which may become a chip for the two sides to compete in the future. For example, although the United States imposes tariffs on China, the sanctions on graphite have been postponed for two years. Why is that?

Hidden information behind the tariff list

The United States increases tariffs on China, which, although it has a certain effect on restricting China's development, is also detrimental to its own development.

For example, if the United States wants to manufacture cars, many things need to be imported from China. This is essentially increasing the cost of American companies. Although American companies are in the United States, they still seek profits. The United States may even cause dissatisfaction among American companies by doing so.

In addition, the United States has previously moved some of its low-end industries for transformation, so many domestic products come from other countries, but most of them come from China. Therefore, the United States wants to boycott Chinese manufacturing.

The postponement of graphite tariffs is because the manufacturing of car batteries requires graphite. Although the United States claims that electric cars are polluting and they want to go back to manufacturing fuel vehicles, they must still develop.

These are the fatal weaknesses exposed by the United States through increased tariffs, and the more the United States wants to sanction China, the more it proves that China is not to be ignored by them now.

Moreover, the current situation in the United States is not optimistic. After all, they have chosen to lower interest rates before stabilizing the inflation rate, and it is not difficult to see that the United States is currently in a difficult situation.In such circumstances, not only does the United States fail to strengthen cooperation with China, but it also continues to impose tariffs on China. This act of hurting the enemy a thousand while damaging oneself eight hundred is undoubtedly another fatal blow to the current U.S. economy.

Therefore, many people can't help but doubt whether the U.S. is up to something when they see this list of increased taxes. It's clear that they can't take care of themselves, yet they still want to add more pressure.

In addition, the U.S. is so exposed in revealing its weaknesses, which makes more countries realize the situation in the U.S. This will also accelerate other countries to "turn their coats" and look for new development opportunities, instead of over-relying on the U.S.

After all, even the U.S. allies prioritize "interests". Where there are interests, there will be cooperation. If the U.S. can't guarantee their interests, they may seek cooperation with China or other countries.

Of course, for China, no matter what bad ideas the U.S. has, China will have corresponding countermeasures. China has also been on the path of de-dollarization, and more and more countries share the same idea.

At present, the BRICS organization is still recruiting new members. In the future, China's voice in the international community will only be higher. When the dollar falls from the altar, it will be the time for various countries to rise.

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