Beijing prepares a commercial proposal to avoid the imposition of 10 % tariffs To the Chinese products announced by the US president, Donald Trump, says the American newspaper Wall Street Journal (WSJ).
Trump delayed import tariffs on Canada and Mexico on Monday, although it is still planned to enter the additional tariffs of Chinese imports. However, the tycoon said that he will talk to Chinese managers in the next two days and that there is also a pause.
According to WSH, China will offer to increase the purchases of US goods worth 200,000 million dollars in a period of two years to reduce the current commercial deficit, favorable to Beijing.
The newspaper quotes sources according to which the Asian giant seeks to “avoid tariffs and technological restrictions”, for which he would be willing to “initiate conversations.”
“China is in A weak economic situationand its leader, Xi Jinping, has expressed interest in establishing negotiations with Trump, who has also suggested that he is open to dialogue, “the newspaper collects.
In Beijing they understand that Tariffs are “a way of exerting pressure”adds the publication, with which they reacted to the announcement “without too much forcefulness”, promising reprisals to “safeguard firmly” their rights and interests, in addition to submitting a demand before the World Trade Organization (WTO) for the American “illegal practices” .
According to the newspaper, China’s initial proposal will focus on “restoring the 2020 trade agreement” and negotiating on “what products can you buy from the United States” or what investments can you make in that country in sectors such as batteries for electric cars, in addition to promise not to devalue yuan or reduce exports of fentanyl precursors.
Beijing too I would include negotiations to the Tiktok platformalthough it would leave the investors of their parent company, Byedance, the negotiations to “divide the control of the application to 50 %” with US partners.
The US relationship with China
In his first presidency (2017-2021), Trump already had a tense relationship with Beijing By imposing several batches of rates worth about 370,000 million dollars annually, which China responded with taxes on US exports.
In 2020, both countries signed a truce with a preliminary agreement That, however, it kept in force much of the tariffs applied in successive rounds. The agreement, which was not implemented, implied that China would increase the purchases of American products in sectors such as agricultural.
However, the Chinese economy does not face this envy in the same way: The country reached its annual growth target of 5 % in 2024but it still tries to straighten its economy in the midst of low internal demand and the real estate crisis, which has left exports as a key growth engine.
Even so, some experts believe that the intensification of the commercial war could benefit China because XI could approach traditional Washington allies disenchanted with Trump.
In fact, China now has new partners Compared to Trump’s first envy, especially in the global south: in 2023, the Southeast Asian Nations Association surpassed the EU and the US as the main destination of its exports thanks to geographical proximity and regional free trade agreements.
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