Chinese President Xi Jinping’s decision to react quickly and strength to the burst of ‘Global mutual duties wanted by Donald Trump he sent a clear message to the world: if the United States they want one commercial warthe China It is ready to fight it. And the latest threats of the tycoon further Rates of 50%in the event that Beijing does not withdraw his 34% rates onimport of American goodsit is unlikely that they can break through the Communist leaderswhere the yielding to US pressure has the meaning of a intolerable weakness.
So, with the poor propensity for negotiations, Beijing has returned to court the American companies active in the dragon with the aim is to reiterate the will to protect their interests in front of the Anti-Multilateralism postures of Washington, both to present itself as “Promising land” For all foreign investments. The Deputy Minister of Commerce Ling Jiin Sunday’s meeting with the representatives of about twenty stars and stripes companies present in the dragon (including Tesla, GE Healthcare And Medtronic), said that the Chinese retaliation rates aim to put the United States back on “Right path”having the purpose of “Protect the rights and interests of companies firmly, including American ones”.
There main cause of the duties problem “He resides in the United States,” he observed again Lin Based on the report provided today by the Ministry of the same Ministry, urging companies a “take pragmatic actions to keep the stability of global supply chains in a joint way and to promote mutual cooperation and advantageous results for everyone”. The move of convene American companies it has, on the other hand, the purpose of Beijing to count on theirs pressure on Washington for a change of course.
Meanwhile, with XI moved on to combat modelo yuan has slipped to Minimums of the last 11 weeks on the dollar over 7.23, becoming another Anti-Dazi defense tool For support exports. THE Chinese officialsFurthermore, they spent the weekend discuss the Measures to stabilize the economy he is markets in front of theAssault of The Donald. Goldman Sachsin particular, estimated “a significant acceleration” of the fiscal attitude For compensate for new difficulties for Chinese growth emerged with the duties, results higher than expectations. There American business bankin a widespread relationship on Sunday, hypothesized an impact of “At least 0.7%” less on GDP of Beijing for the 2025: “Before the duties, the growth was proceeding above our predictions and we were contemplating a revision up to the relative expectations on the GDP for 2025”. The Tsunami tariff forced one global revision of the scenarios.