On April 23rd local time, the White House suddenly released a major piece of news! The United States is considering reducing tariffs on Chinese imports from 145% to 35%-65%. This "cliff-like" adjustment has caused a stir in the global market. Analysts point out that this move is actually a "forced compromise" by the Trump administration in the face of the continuous deterioration of economic data - US container shipping orders have plunged by 64%, the stock market has been plummeting continuously, poll approval ratings have hit new lows, and even Treasury Secretary Basent has publicly admitted that "the tariff deadlock is unsustainable".
Textile tariffs may be reduced to 35%
Insiders said that the Trump administration is also considering adopting a so-called "tiered taxation" plan, similar to the one proposed by the "US-China Strategic Competition Special Committee" of the US House of Representatives at the end of last year - imposing a 35% tariff on goods that the United States considers not to pose a national security threat. For goods involving the so-called "strategic interests of the United States", tariffs of at least 100% are imposed, and China is required to reduce tariffs simultaneously. This proposal suggests that the tariff system be implemented in phases within five years. The textile industry may have an important breathing space!
Southeast Asian photovoltaic products are subject to a sky-high tariff of 3,500%
Just as the United States was easing tariffs on China, it imposed an additional 3,500% tariff on photovoltaic products from four Southeast Asian countries including Thailand and Vietnam. This "extreme pressure" reflects a deep strategic consideration: to cut off the overseas extension of China's photovoltaic industry chain and force related industries to return to the United States. However, this move not only aroused strong opposition from the international community, but also exposed the "zero-sum game" thinking of the United States - maintaining its own hegemony at the expense of the interests of its Allies. Meanwhile, photovoltaic enterprises in Southeast Asian countries are forced to face the cruel choice of "either accepting sky-high tariffs or withdrawing from the US market", highlighting the short-sightedness and overbearing nature of the US economic policies.
The spokesperson of the White House wore clothing made in China again
Ironically, on April 21st, the White House press secretary wore Chinese-made clothing again to attend the White House Easter event and had a pleasant chat with Trump. It was reported that the blue lace dress worn by the White House press secretary was of a British brand, but the dress was marked "Made in China" on the detail page of the website. Previously, the White House press secretary's participation in a press conference wearing a red dress made in China sparked heated discussions. This detail is just like a slap in the face, exposing the illusory nature of the so-called "decoupling and disconnection" of the United States. From clothing to electronic products, from supply chains to core technologies, the economies of China and the United States have long formed a symbiotic pattern where "you are in me and I am in you". Any attempt at "capricious decoupling" will eventually backdoor.
Break through "Extreme pressure" with strategic resolve
In the face of the US tactic of "fighting while talking", China has always demonstrated strategic resolve. Foreign Ministry Guo Jiakun said that China and the United States have not held consultations or negotiations on the tariff issue, and no agreement has been reached. This tariff war was initiated by the United States, and China's attitude is clear and consistent. China is willing to stand by to the end, but at the same time, it also opens the door to negotiations. Dialogue and negotiations must be based on equality, respect and mutual benefit. Meanwhile, China has effectively hedged external risks through a combination of measures such as the "dual circulation" strategy, countermeasures tariff lists, and diversified export market layouts. Just as former Greek Finance Minister Varoufakis said, China is fully prepared and will not compromise its core interests under pressure.
The trade war will eventually return to the essence of mutual benefit and win-win
From Trump's capriciousness to the helplessness of US companies in "passing on costs", and then to the widespread opposition from the international community, this tariff war that has lasted for many years is now entering a stage of "exhaustion". Although US Treasury Secretary Basent claimed that "the goal is not decoupling", his actual actions have constantly exposed his "hegemonic thinking". History has repeatedly proved that unilateralism and protectionism will eventually harm others and oneself. Only equal dialogue and mutually beneficial cooperation is the right way. When Chinese-made suits worn by White House spokesmen become the norm, it might be a true signal that China-Us economic and trade relations have truly returned to rationality.
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