Monday , December 23 2024

Lessons from China-US trade war, China will retaliate if US increases tariffs

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New Delhi: Billionaire Howard Butnick, head of the China-US Commerce Department, is really angry. China asks who is this “Daude Butennik”? China is so angry that it has even maligned the name of the head of the US Commerce Department.

The bottom line is that it was on the suggestion of this botanist that Donald Trump, while announcing the imposition of 60 percent tariff on imports from China, said, “We have to stop dumping of Chinese goods, so I will take charge of it.” On day one, I will impose a 60% import tax on Chinese imports.

Who has Trump chosen besides Howard Butnik? Almost all of them are anti-China. Trump has chosen Marco Rubio as Secretary of State. He removed many Chinese companies from the American stock exchange. Trump has chosen Mike Walz as national security advisor. He is a consistent opponent of China. Although he was invited to the Winter Olympics in China, he did not go there.

When he first became President (2014–2014), he appointed Gemiran the Greek as “trade representative”. He was the architect of Trump’s China-trade-war.

Donald Trump will take office soon. With this the China-America trade war will start.

If we look at the political situation, there is a big danger between the two countries on the issue of Taiwan. At the same time, America is irritated by China’s dominance over the entire South China Sea, its ‘tariff war’ has added ‘ghee’ to its intensity. China has said it will impose heavy import duties on American goods.