Why does China not call us

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Last Donald Trump and the Chinese president Xi jinping spoke was it Before starting the inauguration of the US President on January 20.

Less than two weeks after becoming a second time, Trump added 10% tariffs to Chinese goods and said it would be Talk to XI in the following 24 hours.

“We called the White House.” How did the call went? “” The senior head of the US Business, who wished to remain unnamed, told me last week. The White House said, “” The Chinese have not called. “

“What has just been clear from the beginning, the administration sharply overestimate how many tariffs give them in China,” the executive said

Last week, the United States raised new tariffs for Chinese goods, effectively delivering them to 145%.

After revenge by 125% increase in US goods, Beijing entered the weekend, calling tariffs “numbers game“What are they planned to ignore. This is in accordance with the translation of CNBC Chinese text.

So far, both sides have publicly noted a small intention to make any material first step to solve a deadlock and restriction World Economic Results From the tit measures for dad.

XI, now in an unprecedented third term as president of China, has also shown that he is seeking to abandon any idea that he refuses in the US-Navate if that means short-term pain for the economy. In the 70th anniversary of the Rules of the Communist Party of China, XI announced that “No force can stop the Chinese And the Chinese nation. “

Trump, on the other hand, retreated even on some recent tariff plans, while stating its ultimate goal – to create the United States

Over the past few years, the merger of economic and cultural differences has led to the confrontation, and China’s global positioning has changed significantly.

“I think people in the US, both investors and politicians, their thinking (in China), is still something similar 10 years ago,” said Bruce Liu, CEO of Esoterica Capital on Monday. It divides its time between New York and China.

The economic situation in China in 2018 meant that the country should conclude from Trump after bilateral tension grew during its first termBut Beijing has less reasons this time, ”Liu said. “They are in no hurry to talk or initiate a conversation with the US at this point.”

Beijing’s official position has underpinned this thinking, with a press secretary emphasized that any negotiations should be held on the basis of “mutual respect”. Deepseek’s ai breakthrough In late January, the belief in China that the country could resist US restrictions.

A one -time per capita income in China has risen by 38% since 2018. When I moved to the country that summer, Starbucks was definitely the best option for coffee, and most cars were with gasoline. Almost seven years later, artisanal cafes are the norm, and even the smartphone company Xiaomi has electric cars on the streets.

This does not mean that everything was pink.

Univered apartment buildings stand on the outskirts of major cities. It was difficult for businesses trying to move on COVID-19 and the subsequent economic slowdown. French growth that I witnessed before the pandemic went greatly.

This year, large investment firms responded to the US-Chinese tension in Wall Street, reducing their economic expansion forecasts in China, and UBS cuts only 3.4% this year. So far, Beijing has retained its goal by about 5% of the year, and noted that it could increase the incentive to support the economy.

But in the pockets of the economy there remains perseverance to continue to try, despite the circumstances.

Part of this is to rethink trade in the US but part of it also reflects growing the foreign market of Chinese goodsAlthough the risk of harm to local enterprises and workplaces.

Instead of talking to Trump, XI this week makes its first foreign state visit of 2025 to Southeast Asia: Vietnam, Malaysia, and then Cambodia. Chinese state media described travel as “When invited“Local self -government, repeats the majestic language Used when XI last visited the United States in November 2023 to meet with US President Joe Biden.

Xi too Meets us, European and close business managers In Beijing at the end of March. He urged them to “support” the world order as soon as he told the Secretary General of the Communist Party of Vietnam Lama at the meeting that both countries should protect The stability of the global supply chain And resist “one -sided bullying‘This is in accordance with the translation of CNBC Chinese reading that did not name the US

Trump this week called China’s meeting with Vietnam effort “Screw” USA He refused to share the update at any planned negotiations with XI.

Vietnam this month was hit with One of the highest “mutual” tariffs in the US – Even more than China initially – in response to which the Prime Minister of the country Southeast Asia, Fam Ming Chin, Offered to buy more US protection products After a 45-day delay in tariffs when the two countries are negotiating.

Then Trump is temporarily downgraded tariffs on Vietnam And other countries with a 90-day negotiation period. China has not been turned on.

“If you are kind to me, I’ll be twice kind to you. It’s (being) Chinese,” Liu said.

“But if you want to make fun of me, we’re not going to take it. We know it can cause difficulties in our economy or our daily life, but we are ready for that,” he said, talking about a typical Chinese mentality.

China reported GDP in the first quarter 5.4%. This figure wins analysts’ expectations by 5.1%. Retail sales and figures of industrial production also for March came much higher than forecasts. According to Goldman Sachs.

Cling, a video generator that works on AI has been upgraded. Chinese company with short video announced the news In Beijing on Tuesday, it claims that the new version offers the best control over the visualization of people, emotions and scenes to mimic the scripts of the real world.

The US is releasing electronics in China from the highest tariffs. However it is unclear How long will you hold out the refusal. China and Vietnam have signed agreements on railway and protocol cooperation to speed up bilateral trade, the country of Southeast Asia reports. In China, there is also Changed the trade negotiator of the Ministry of Commerce From the last few years with a new face.

Mainland Chinese CSI 300 decreased by 0.74%and Hong Kong Hang the Index – covered by several large Chinese companies – decreased by 2% as of 10:42 local time.

The 10-year profitability of Chinese government bond bonds was 1.639%.

The Chinese Yuan, trading on the shore, is trading at 7,3276 against Greenbek.