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How will China respond to Biden's tariffs? Look at Trump’s trade war.
David Steinberg 2024-06-05
The Biden administration’s recent trade actions imposing tariffs on a range of Chinese imports were defended as narrowly targeted and necessary to protect national security and prevent supply chain disruptions. Administration officials said they hoped any Chinese response would be moderate and equally narrow.
But there is no doubt that China will feel compelled to respond. Based on China’s reactions to the Trump-era trade war, the United States is likely to face three significant consequences this time. Chinese society is likely to take a deeper turn toward protectionism. China’s retaliatory measures might backfire politically for President Joseph R. Biden, Jr. And as China diversifies its trade away from the United States, the efficacy of any future tariffs will continue to erode.
| 이전글 | 제9차 한·일·중 정상회의 논의 결과와 향후 협력방안 | 2024-06-05 |
|---|---|---|
| 다음글 | 최근 중국 최저임금, 가처분소득 및 고용 추이 | 2024-06-04 |
