Here’s how China can avenge the tariff on the US

China-second-in-size economy in the world and the second largest US importer. Subjects in China contain at least $ 784 billion in the US Federal debt. The country also controls most of the rare elements in the world that is vital for Production Technology. China can arm these assets when the trade war broke out, to the detriment US consumers And businesses.

“China is actually a greater financial force than it looks on the surface,” said Brad Setiser, a senior employee of the Foreign Relations Council.

Since 2018, China has developed regulatory instruments, including export control Tesla and AppleWhen the tension between the two countries grow.

As the tariff rates grew this spring, the ports on the west coast of the United States reported slowing, causing concern about the incoming shortage of supplies usually manufactured in Asia.

In April, the White House offered several tariff childbirth to import in China, which can reach China, which can reach up to 245%. The average tariff rate for Chinese exports to the US has increased to 124.1% as of The Institute of International Economy Peterson. The average tariffs in China by US export above, about 147.6%, the analysis reports.

“We have already raised tariffs to such a high degree that over time the trade will go to zero,” said the setser, who held the position of senior US trading representative during the Biden administration.

Trump administration members suggested that China should come to the negotiating table. But the regulation of officials in China insists on this No trade negotiations occurred Between the two peoples superpowers.

“These 125%, 145% of tariffs are impossible”, Secretary“April 28.

In April, Chinese leaders called on countries around the world to resist what they called “one -sided bullying“From the US. They also promised to avenge the countries that Make transactions from the US to the detriment of China.

“China sends strong signals … We are playing, which is tariff games and games with supply chains, it is about survival,” said McNalla, the head of the LongView Global.

Look video Above to find out which cards can play in the trade war with the US