Big Take

China’s New Game Plan for Dealing With Trump Tariffs

7 snips
Feb 11, 2025
Shuli Ren, a Bloomberg Opinion columnist with expertise in China's economy, dives into the evolving trade landscape between the U.S. and China. He discusses China's muted response to Trump's tariffs and how its current economic challenges influence negotiation dynamics. Ren also highlights China’s strategic maneuvers for damage control amidst pressure and the unpredictable nature of U.S. tariff policies. The conversation provides insights into the potential for renewed trade negotiations and the broader implications for both nations as tensions rise.
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INSIGHT

Muted Response

  • China's response to Trump's tariffs is more muted in 2025 than in 2018.
  • Their economy is weaker and relies more on exports now, making them vulnerable.
INSIGHT

China's Economic Weakness

  • China's COVID-zero policy and property downturn weakened its consumer base.
  • This makes them more reliant on exports and less able to withstand a trade war.
INSIGHT

Faster and More Furious Tariffs

  • Trump's tariff approach is faster and broader than in 2018.
  • China seems to have learned from the previous trade war and is responding more carefully.
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