China faces tough challenge with Trump's decision

China Faces a Difficult Test Due to the 10% Additional Tariffs Imposed by US President Donald Trump

According to Nikkei Asia, President Trump reignited concerns about the US-China trade war by announcing new 10% tariffs on Chinese goods, with a warning that he would increase tariffs further if China takes any retaliatory measures.

This decision comes after his campaign-period threat to impose tariffs up to 60% on China. The tariffs were justified by China's failure to prevent drug imports into the United States.

According to analysts, while the 10% tariffs are lighter than the previous threat, they indicate 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 given China's current economic difficulties. The tariffs align with the 25% tariffs on goods from Canada and Mexico for border security. As the situation develops, Chinese companies are adapting by relocating production overseas and diversifying their markets.

The report noted that this announcement caused a decline in the Chinese currency exchange rate and a sharp drop in stock prices of major Chinese companies on the US stock market. Despite the uncertainty, some analysts predict China will find a way to cope with this situation.

On February 2nd, the Chinese Ministries of Commerce and Foreign Affairs responded consecutively, expressing strong dissatisfaction and firm opposition to the Trump administration's decision and announcing their intention to file a complaint with the World Trade Organization.