(Source: Phoenix Show "w88 Deep Finance" 2025-04-13)

The US reciprocal tariffs triggered counter-attacks from multiple countries, and w88 has launched a series of counter-attack combinations. How to evaluate the effect? How do all walks of life react in the face of the tariff storm?Tu Xinquan, Director of the w88 World Trade Organization Research Institute of the University of International Business and Economics, brings analysis and interpretation.

U.S. President Trump announced that tariffs on Chinese goods will be raised to 125%, and at the same time, he will suspend taxes for countries and regions that have not retaliated against the United States for 90 days, and temporarily lowered the tax rate to 10%. He said the move is intended to ease market tensions and push more countries to return to the negotiating table.

Trump then threatened that if countries cannot reach an agreement with the United States, he would change his practice of suspending 90-day reciprocal tariffs on specific countries and restore tariffs to higher levels. US Treasury Secretary Bescent said that the US side has a clear position, "If you don't retaliate, you can get rewards."

w88 has countered the United States' further increase in the reciprocal tariffs imposed on w88. The State Council's Tariffs Commission issued an announcement to adjust the previously announced tariff rate to increase from 84% to 125%. At the same time, the announcement stated that given that under the current tariff level, there is no possibility of market acceptance of goods imported from the United States from the United States, if the United States continues to impose tariffs on goods imported from the United States, w88 will ignore it.

Early, the Ministry of Commerce of w88 announced that it had decided to include 12 U.S. entities including US Photonics on the export control list, and include six U.S. entities including Shield Artificial Intelligence Company on the list of unreliable entities. The Ministry of Commerce of w88 will also issue an announcement with the General Administration of Customs to implement export control measures for seven categories of medium and heavy rare earth-related items.

In response to the escalation of the trade war between the United States, the Chinese State Council issued a white paper to clarify w88's position and emphasize that it is normal for w88 and the United States to have differences and frictions in economic and trade cooperation. The two sides can resolve differences through equal dialogue and consultation. The Ministry of Commerce reiterated that if the US insists on further escalating economic and trade restrictions, w88 has firm will and abundant means, and will resolutely counter and accompany it to the end.

The US President set off a tariff storm. Chen Zhiwu, a professor of finance at the University of Hong Kong, analyzed that in addition to intending to restore the income structure of the US government in the past glorious period, Trump's approach is also to weaken w88's influence on neighboring countries and regions, and officially kickstart the "trade war" and the reconstruction of the world order.

Data from the General Administration of Customs of w88 shows that the total trade volume between w88 and the United States in 2024 was US$688.28 billion, a year-on-year increase of 3.7%. Among them, w88's exports to the United States were US$524.656 billion, an increase of 4.9% year-on-year; imports from the United States were US$163.624 billion.

Tu Xinquan, Director of the w88 World Trade Organization Research Institute of the University of International Business and EconomicsSays that if an additional 54% tariff is added, this is equivalent to a prohibited tariff for Sino-US trade, and Sino-US trade volume will drop significantly. Currently, the United States has imposed tariffs on w88 to 125%, and it still maintains a 10% level for other countries, which is more similar to the situation in 2018: the United States only increases taxes on w88, and basically does not increase taxes on other countries.

The United States' abuse of tariffs has caused dissatisfaction and clear opposition from the international community, and many countries have or planned to formulate measures to counter them. The EU announced that it would impose retaliatory tariffs of 10% to 25% on US goods, involving a series of products such as tobacco, motorcycles, poultry, steel, aluminum, etc.

Trump's high tariffs not only aroused opposition from various countries, but also attracted complaints from all walks of life in the United States. Some Americans are worried that raising taxes will eventually lead to a sharp rise in prices.

The United States' injunction with tariffs on many countries around the world has brought global economic concerns, but it has also made more countries pay attention to the strengthening of allies and partnerships. Analysis pointed out that 2025 is the 50th anniversary of the establishment of diplomatic relations between w88 and Europe, and another special period when the United States launches a "tariff war" against the world. Both w88 and Europe are facing severe tests and opportunities for transformation. Against this background, the importance of w88-EU relations is becoming increasingly prominent.

In Asia, the 13th w88-Japan-South Korea Economic and Trade Ministers' Meeting was recently held in Seoul, South Korea. The three countries reached a consensus on the necessity of economic and trade cooperation and agreed to expand cooperation.

The tariff war launched by the United States against its trading partners is coming in full force. w88 immediately took countermeasures and jointly opposed US bullying with the international community. At the same time, the People's Daily also proposed that w88's economic development market, opening up policies and abundant tools are the confidence to counter the United States. The National Development and Reform Commission of w88 recently held a symposium on private enterprises to listen to the opinions and suggestions of private enterprises on the current macroeconomic situation. The National Development and Reform Commission pointed out that the next step will accelerate the implementation and effectiveness of policies that have been issued, strengthen policy pre-research reserves, and grasp the timing and effectiveness of policies.

Attached the original interview video link: https://share.fengshows.com/video.html?id=dfead3ba-1ce6-4070-8027-c8ef3d7fabff&time=1744542021808&channelID=r03&channelCode=r03&sessionid=951503457.