Are the tariffs on Trump’s “full frontal attack” on China?

When US President Donald Trump outlined tariffs on almost each of the trades in America on Wednesday, he had strong Beijing.

“I very much respect the XI (Jeptine) president, China’s great respect, but they have received a great advantage,” Trump said during his approximately hourly address on Wednesday.

Trump said, “If you look at it … China, the first row, 67%.

“We will pay (them) reduced mutual tariff of 34%,” he added. “In other words, they charge us, we take them, we pay less. So how can anyone be upset?”

But the Ministry of Commerce in China immediately called this step “a typical act of unilateral bullying” and pledged “decisive counteraction to maintain their rights and interests.”

And Xinhua’s state news agency accused Trump of “turning the trade into a simplified game”.

Experts believe that Beijing has good reasons to be upset.

For the first, the last message is to add to the existing tariffs to 20% on Chinese goods.

Secondly, imposing large tariffs on other southeastern Asian countries, including Cambodia, Vietnam and Laos, he “closed the door” to how China went into its supplies to get around the tariffs imposed on Beijing during Trump’s first term.

In 10 countries, five Asian countries were reached by the highest tariffs.

Trump imposed new tariffs on Chinese imports since returning to the White House in January, increasing to 20%.

In less than a week, these tariffs jump up to 54%, except for products such as cars, steel and aluminum, which will be subjected to lower tariffs.

Beijing was also at the receiving end of other Trump salsa.

Earlier on Wednesday, the President signed an order to stop the Regulations on ineffective parcels from China.

This allowed the Chinese e -commerce giants such as Shane and the topic, to send packages with retail price less than $ 800 (617 pounds) without taxes and verification.

According to customs data, close to 1.4 billion supplies entered the US as part of the Regulation last financial year.

Removal of release may force some Chinese firms to transfer additional customer costs by making their goods less competitive in the US.

When together with them, it is a disturbing picture for Beijing, said the Elms Deborah with the Hinich Foundation.

“I do not think that new tariffs are necessarily directed at China. But when the US make tariffs on each other, in particular in China, the numbers become important quite quickly.”

“China and the Chinese will have to avenge. They will not be able to sit and watch it,” she said.

Trump also imposed heavy tariffs, 46% to 49%, Vietnam, Laos and Cambodia.

This is “a complete front-line attack on an extended biddock supply chain,” said Stephen IS from the Spi Asset Management investment firm.

“Vietnam … And others on the periphery apply a collateral at the school in what is the most aggressive re -transfer of US trade policy in generation,” he added. “This is not a power for Tat-it’s strategic restraint through the tariff war.”

Laos and Cambodia, which are among the poorest countries in the region, are heavily dependent on Chinese investments in the supply chain infrastructure. High tariff tariffs are expected to be greatly affected by both countries.

China is the largest trading partner in Vietnam. It was one of the key beneficiaries of the US-quitted tensions during Trump’s first term.

In 2018, Trump got to China tariffs, causing some businesses to rethink where they made their products. Some decided to translate the production in Vietnam.

This led to an increase in Vietnam’s exports to the US, with Chinese companies that moved production there, which contributed to the figure.

“Vietnam was clearly aimed (Trump) from the role of the pipeline to bypass the previous tariffs in China,” said former USA, Stephen Olson, said former US trade negotiator.

While the US remains the largest export market in Vietnam, China is its largest supplier of goods, which is more than a third of imports, according to recent official data.

Chinese firms also lagged behind almost every three new investment in Vietnam last year.

Pushn Dautt, Professor of the Business School of Inssead, said the new taxes on Southeast Asia would be “banned” for China.

“China has problems with demand, and in Trump’s last administration, their firms responded deftly to tariffs, moving to the supply chains and moving them to (South Asia countries). These doors were closed,” he added.

But Trump’s taxes in the region will also affect US companies that produce goods in Southeast Asia.

For example, American business, including Apple and Intel technology giants, and Nike sportswear, have large factories in Vietnam.

A recent poll of the US Chamber of Commerce in Vietnam has shown that most US manufacturers are expecting to postpone employees when tariffs are imposed.

There is a question what China can do to answer new tariffs, given that it only has a few days before they have to take effect.

Mr. Olson said he expects that Beijing will have a “strong” reaction with tariffs and other measures that complicates US companies in China.

When the Chinese economy is already faced with problems, Beijing faces a “tough choice” in the following days, said Professor DAT.

“Exports to other regions threatens de -industrialization in these areas – and political leaders are unlikely to accept it. This means that China must finally resolve the domestic demand and the Chinese House,” he added.

Tariffs could also push China to try to build alliances with other Asian countries at the tariff reception.

Van Huyao, a former member of the Communist Party of China, who works with the center of China and the analytical tank of globalization, called on Asian countries “to work together to survive this difficult time and fight protection.”

“In the end, the US can lose all the influence and isolate itself,” he added.

Some discussions are already underway. China, South Korea and Japan recently held their first economic talks in five years.

They agreed to speed up the negotiations on the free trade agreement – which was proposed for the first time more than a decade ago.

New tariffs can give them additional incentives for this.

However, Beijing may face some short -term pain while negotiating with Washington is underway.

“Ultimately, the United States and China are heading to the negotiating table, where they will try to reach some type of big deal on a wide range of issues,” said Mr. Olson.

“It will not necessarily happen soon, and I expect everything to deteriorate before they improve,” he added.