China calls for unity against “trade tyranny”

China urged the world to unite against Trump’s tariffs when the country’s exporters reject the new American fees that grew up to 104%.

“Global unity can defeat trading tyranny,” the editorial staff has announced in the state newspaper China Daily, noting that Beijing’s cooperation with Japan, South Korea and other Asian economies. A separate work called on the European Union to work with it to “support free trade and multilateral”.

Beijing “firmly opposes and never takes such hegeman and bullying,” said the Ministry of the Ministry Lin Jian, a press secretary on Wednesday.

The tariffs come in a difficult time for China’s sluggish economy: the domestic consumption remains weak, and exports are still the main growth engine.

The roasted nature of the tariffs on Trump also left the Chinese business that went over the supply chains – with most affected countries, the firms say it is difficult to find a way out of this uncertainty.

Tariffs will be reduced “and without the fact that the annex for the benefits,” said the owner of Chinese business, which is engaged in cross-border logistics for e-commerce, as well as air and marine freight.

“Higher tariffs increase expeditions such as we, as well as factories, companies and sellers. It just means that everyone earns less.”

Any 35% tariff will destroy the entire profit that Chinese businesses bring when exported to the US or South -Eastern Asia, Dan van said with the Eurosia Group consultation.

“The growth will be much lower, as exports have made up to 20% to 50% growth from Covid Pandemy,” she added.

According to Chinese blogger Liu Hong, who is the senior editor -in -chief Xinhua News, the Chinese government has not announced measures, but Beijing is considering banning Hollywood films and suspend cooperation with Fentanyl with the United States.

But it offers little comfort for firms such as Fuling, a firm that sells a disposable fast food dish, such as McDonald’s and Wendy’s, stated that additional tariffs will “significantly affect” his business. It noted that almost two -thirds of the company’s profits in 2023 and the first half of last year came from the United States.

To mitigate the exposure of the tariffs, Fuling, which is with the Chinese -Khezian Chinese province, has created a new factory in Indonesia at the end of last year.

But Trump’s new tariffs have introduced more uncertainty for Chinese exports from Indonesia now being collected 32%, the company reports.

Indonesia suffered along with most of the world in the announcement of President Trump about about Last week wide tariffsWhich, he said, will allow the US economy to thrive.

But economists warned of American and global recession. The tariffs also shocked the world markets and caused criticism of the billionaire heads, including the ally Elon Musk Trump.

Trump import taxes include 10% of the basic tariff for almost all foreign imports, and higher custom tariffs for what it calls “the worst offenders”. These include Cambodia (49%), Vietnam (46%) and Thailand (36%) developing economics that have used strong exports.

After Beijing announced the tariffs on Tit-TAT, Trump raised Chinese import levies, more than doubled to 104%.

Emma said the BBC that he hoped that China will be able to agree on some of these taxes: “Only when making the final decision can we plan the following steps.”

While China left the door open for negotiations, Trump did not talk to Chinese leader Xi Jinping after returning to the White House.

Such broad, wide tariffs will cause more harm than useful, on Wednesday, the US Chamber of Commerce in China stated in a note to its members.

“This level of upheaval is unprecedented, and it remains unclear how current measures will benefit consumers either in the country or in the broad economy,” the record signed by Chairman Alvin and President Michael Hart.

Some analysts consider Fighting to enhance.

Otherwise, tariffs will not be resistant to China in the long run, Tim Waterer said with the KCM brokerage.

“The tariffs are aimed at suppressing China,” said the head of the Chinese truck.

Changchun added that many southeastern Asian countries affected by steep tariffs, “exactly where many Chinese enterprises moved” such as Vietnam and Cambodia.

A company based in Tianjin plans to negotiate with some of the US customers to share the weight of tariffs. “Each case is different, but overall the impact was quite significant,” he said.

D -Wu, whose company works mainly on delivery routes between China and Cambodia, said he already sees the drop in freight.

He said several construction projects in Cambodia also stopped after Trump’s tariff announcements said.

“If the tariffs amounted to 10%or 20%, the enterprises could still absorb costs by optimizing the supply networks, reducing profitability and sharing the load. Trading can still continue … (but by 104%), this is no longer what compromises can fix,” said Mr.

“This is a complete denouement. Trade is mostly stopped.”

Additional Report Annabelle Lang