China faces test due to Trump administration tariffs

US President Donald Trump has imposed a 10% additional tariff on China, which is reportedly putting China under new trade pressure.

According to Nikkei Asia, President Trump's announcement of a new 10% tariff on Chinese goods has reignited concerns about the US-China trade war. This decision came after Trump's campaign-period threat to impose up to 60% tariffs on China. The reason for implementing the tariff was cited as China's failure to prevent toxic drugs from entering the United States.

Analysts suggest that although the 10% tariff is lighter than the previous threat, it still indicates the possibility of implementing more trade measures against China. Some experts view this move as a potential bargaining chip for future negotiations with the Chinese regime, especially in today's context where China is facing economic difficulties. This tariff is also in line with the 25% tariff imposed on goods from Canada and Mexico for border security enhancement. As the situation develops, Chinese companies are adapting by relocating production overseas and diversifying their markets.

According to the report, this announcement has led to a decline in Chinese currency exchange rates and caused a sharp drop in the stock prices of major Chinese companies listed on the US stock market. While uncertainty exists in this area, some analysts predict that China will find ways to cope with this situation.

The Chinese Ministry of Commerce and Ministry of Foreign Affairs responded consecutively on February 2nd, expressing strong dissatisfaction and firm opposition to the Trump administration's decision and claiming they would file a complaint with the World Trade Organization.