China’s Premier has warned that the U.S. With the intense trade war, “invisible change in a century” manifests worldwide.
Lee Kiang was speaking in Parliament – a day later Washington slapped another 10% tariff on Chinese goods.
Beijing has reacted to US food and agricultural products with 10 to 15% tariffs.
Premier Lee added that global economic growth lacks steam, unilateral and protectionism … The multilateral trade system is experiencing distractions and tariff barriers continue to grow.
US The Chinese embassy in Pressure has also dialed, Writing on X: “If war is the US, it is a tariff war, trade war or any other kind of war, we are ready to fight to the end.”
The statement was first made by China’s Foreign Ministry on Tuesday. The fact that China has repeated it for two consecutive days is significant.
It is the US There is a pointed message that China’s patience is expiring-and its rhetoric about tight-for-tate tariffs is getting more stringent. He has referred to the tariff war “Pressure”, “Blackmail”, a “smear campaign” and “Transfer Fault”.
But Mr. Trump likes to impose a tariff on China and is sure the pressure will work. He blamed China for exporting a chemical predecessor used to make Fantanil, which is the U.S. Opioid epidemic has accelerated.
Meanwhile, China is facing serious economic challenges at home, with the country a target of “about 5%” for this year.
The government’s work report states that this year a major task is to accelerate consumption and domestic demand.
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Why is tariffs such a big deal?
The problem in China is that people don’t spend enough money, instead they are carefully saving. One of the reasons for this is the weakness of China’s social welfare system. If people lose their jobs, or pay for health and old care, people save their money.
The government says it wants to make many cities into “international consumption centers” – and to encourage home demand to make domestic demand growth by expanding its trade -in system to encourage them to buy new products.
Buying one side, thousands of representatives of China provinces high-profile figures like former Basketb Star Star Yao Ming and Lei June, who co-founded electric vehicle manufacturing company Ziomi, participated.
After the session, representatives were flowing into the square outside the great hall of the people. There is an opportunity to get their thoughts about the future of the country.
Congress representative Liu Hui said: “I think the tariff will have a little impact on China as we treat others the way we treat us.”
Another representative of Shanxi province, Song Yapping, is proud of China’s Hi -tech feat and said: “Our technology develops very fast, just look at the dippick, see how fast our AI develops.”
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Peace in Europe, war with China?
Despite self -confidence, the trade war is high.
In Guangzhou’s factory Hartland, South China, Glassware Exporter is getting tired of the recent Trump tariff effect.
Marketing manager Anna said: “I think people will discuss this tariff and of course 10% of the large number. Some companies can’t make a profit from this.
“But we can’t change it. We just have to get used to his habit and let him stay.”
Nevertheless, it is not easy in the world where it looks like everything is changing rapidly.
This story originally appeared on News.sky.com read the full story
