(Source: CCTV News Client 2025-04-13)

Still it rises from 34% to 145%, how do you view round after round of high tariff sticks? For those affected foreign w88 slot companies, how can we help everyone break through?

China's serial countermeasures are launched at once

U.S. President Trump's tariff stick on China in the name of reducing the w88 slot deficit eventually turned into an absurd digital game. When the so-called "reciprocal tariffs" were introduced, Trump claimed that the United States had ushered in a "liberation day". In response, the British magazine "Economist" commented, "Trump hopes to eliminate the US w88 slot deficit through tariffs, but his series of stupid behaviors will cause unnecessary harm to the United States", and said that this is not Liberation Day, but Destruction Day.

CNN commented that "peer-to-peer tariffs" are a sign of a fundamental change in global w88 slot since World War II, and about 90% of global w88 slot will be impacted by this storm. The media anchor Farid Zakaria even bluntly stated in the show that the US government's w88 slot protectionism is "too outrageous" and that w88 slot protectionism harms others and is not beneficial to oneself.

Tu Xinquan, Director of the China World w88 slot Organization Research Institute of the University of International Business and Economics: If the tariff exceeds 50%, it will be difficult to carry out normal commercial w88 slot. Judging from the current tariff of more than 100%, most of the products have been traded.

Before the "peer-to-peer tariffs" came into effect on April 9, Trump also claimed that he was "waiting for China's call", but in the end he was waiting for not the phone number, but the strong countermeasure of the Chinese government. Faced with the Trump administration's new round of extreme pressure and shameless bullying, China's serial countermeasures have been launched at once.

On April 9, the State Council Information Office issued a white paper "China's Position on Several Issues Concerning Sino-US Economic and w88 slot Relations" with a total of 28,000 words, further clarified the facts of Sino-US economic and w88 slot relations and systematically elaborated on China's policy stance on related issues. The white paper lists various data and emphasizes that China does not deliberately pursue a surplus. In fact, the ratio of China's current account surplus to GDP has dropped from 9.9% in 2007 to 2.2% in 2024. Moreover, the United States is the largest source of China's service w88 slot deficit, and the scale of the deficit is generally showing an expansion trend. Taking into account the three factors of goods w88 slot, service w88 slot and local sales of domestic enterprises in other countries' branches, the fact of Sino-US w88 slot is that the benefits of economic and w88 slot exchanges between the two sides are roughly balanced.

In addition to goods w88 slot, this week the Ministry of Culture and Tourism and the Ministry of Education respectively issued risk warnings to Chinese tourists and overseas students to the United States. On April 10, a spokesperson for the National Film Administration said that in view of the wrong actions of the US government to impose excessive tariffs on China, it will follow market laws, respect audience choices, and moderately reduce the number of US film imports.

Tu Xinquan: China is originally the country with the highest tariffs and the country with the greatest damage. On the other hand, we have the ability to resist or fight back against the unilateral protectionism of the United States. From a world perspective, China is providing the world with such global public products.

Explore overseas markets, domestic market buff bonus

In recent years, China's dependence on the US market has actually been decreasing, and its share of exports to the US has dropped from 19.2% in 2018 to 14.7% in 2024. However, if we implement it specifically for individuals, how many companies will be affected in this round of tariff war, and how to help them overcome difficulties still require us to deal with it seriously. We believe that everyone from the government to the society is thinking of ways.

With the limit of tariff war, my country's related foreign w88 slot enterprises will naturally bear a lot of pressure. This week, the company in Anhui that produces nylon cable ties has been packed and will be shipped to the US market, but the sudden increase in tariffs has temporarily suspended shipment.

Tu Xinquan: These products may not look very high-end, but in fact the value of goods is very high, and the employment population involved is very large because they are labor-intensive products. Enterprises face many difficulties. I think from the perspective of the government, the first is short-term help, whether it is legal relief or transportation relief, to reduce the burden on enterprises.

Textiles are also important export commodities in my country. This week, helping enterprises expand overseas new markets in Shantou, Guangdong, where the textile and garment industry is densely distributed, has also become the top priority of the local textile industry association.

Many local industry associations are taking action to help foreign w88 slot companies expand their markets and solve problems. This week, the China International Medical Devices Expo held in Shanghai attracted 5,000 domestic and foreign exhibitors. In order to help related companies open up new markets, the China Asian Economic Development Association also participated in the exhibition.

General representative of the Middle East Business Department of the China Asian Economic Development Association: Wang Xiaoqian: Against the background of the existing international w88 slot frictions, the Asian Economic Association has specially established the Middle East Business Department. Whether it is the policies and transformation needs of the Middle East, or the technical accumulation and channels of Chinese companies, they are very suitable for the current policy environment.

In addition to continuing to explore new overseas markets, exports to domestic sales are also a way for foreign w88 slot enterprises to survive. On April 11, the China Federation of Commerce and seven associations issued an initiative to promote the coordinated expansion of the domestic and foreign w88 slot market.

Tu Xinquan: In fact, the government has been working hard to promote the integration of domestic and foreign w88 slot in the past two years to help foreign w88 slot enterprises better connect with the domestic market. So we have actually made a lot of preparations, but now we are in a state of emergency. We must release all our energy, including the government in the corresponding fiscal budget, and may also make better preparations and support.

On April 10, the Ministry of Commerce held a regular press conference. Responding to uncertainty will help foreign w88 slot enterprises with export obstacles to explore the domestic market, make good use of the policy of exchanging consumer goods for new products, organize a series of activities such as the China Tour of Excellent Foreign w88 slot, and carry out in-depth domestic and foreign w88 slot integration work.

Tu Xinquan: Subsidizing foreign w88 slot enterprises is a short-term means to deal with shocks, which is definitely not a long-term way. From the perspective of internal circulation, this is a strategic arrangement and an adjustment of our country's strategic economic structure.

What impact does the tariff war have on the domestic demand market?

Export, investment and consumption have always been the "three pillars" that drive the economy. In some developed countries, consumption contributes more than 70% to economic growth, while in my country, this data was 44.5% last year, which is very room for a lot of room.

The State Council once again sent a clear signal at the symposium of economic situation experts and entrepreneurs on April 9: it is necessary to take expanding domestic demand as a long-term strategy and increase efforts to stabilize employment and promote income growth. Zhang Bin, an expert at the conference, admitted that to do a good job in the next step of economic work, we must not only face the current challenges, but also plan long-term adjustments.

This year, among the "three horses" that drive economic growth, the status of consumption is particularly prominent. Prospering consumption is not only regarded as the top priority of economic work, but also the biggest suspense that affects this year's economy.

Tu Xinquan: Exports and investment have played a greater role in promoting economic development in the past few years. We can no longer rely on this way of competing for labor costs to participate in international competition.

As soon as the Trump administration put an end to the tariffs, it aroused violent fluctuations in global stock markets, and the trends of China's capital market became the focus of the world. Faced with the market impact, Central Huijin Company decisively increased its efforts to increase its holdings, and many central enterprises announced increased holdings and repurchase. A series of strong measures have stabilized the market and also stabilized their confidence.

China has long been taking action in boosting consumption. ‌The practice of "exchange old" in consumer goods and issuing consumption coupons in various places have made many consumers feel affordable, and the real money consumption subsidies have injected vitality into the consumer market.

In 2024, my country's total exports exceeded 25 trillion yuan, and the total retail sales of consumer goods representing domestic consumption exceeded 48 trillion yuan. Compared with the export market, the domestic consumer market is a larger blue ocean. The huge potential of domestic consumption is exploring the premise of steadily increasing residents' income.

How to stabilize employment, increase income, and promote consumption?In the context of this tariff war, the key point is to expand domestic demand. At this year's Two Sessions, expanding domestic demand has been placed first among the top ten tasks this year.

Dean of the School of Public Policy of the Chinese University of Hong Kong (Shenzhen) Zheng Yongnian: I hope that the international environment has changed this time, but we can do our own things well and transform external unknowns into huge driving force for internal reform to promote the development of our economy.

Bai Yansong: Is another round of tariff war initiated by the United States a good thing for China? Of course not, but can this battle be avoided?

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