WSJ What’s News
China Vows to Fight U.S. Tariffs ‘To The End’
Apr 8, 2025
Beijing vows to respond fiercely to proposed U.S. tariffs, signaling a potential escalation in trade tensions. Meanwhile, signs of market recovery emerge despite the looming conflict. The weakening yuan is introduced as a strategy to bolster exports. Businesses like Apple are adapting to new tariff realities, while Japan attempts to protect its economy. Border security dynamics are scrutinized amidst changing trade relations with Mexico and the ongoing complexities of U.S. immigration policies.
14:18
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- China is responding to the proposed U.S. tariffs by weakening the yuan and encouraging stock purchases to stabilize its economy.
- American companies are reassessing their supply chains and production locations, with some considering moves to India amid tariff uncertainties.
Deep dives
Impact of U.S.-China Tariffs
The potential for a trade war is escalating as China vows to retaliate against President Trump's proposed 50 percent tariff on Chinese goods. The Chinese government is adjusting its monetary policy by allowing the yuan to weaken, which could make its exports more competitive in the face of tariffs. This move is seen as a strategy to combat the impact of high tariffs on Chinese goods and support the domestic economy. Additionally, state-owned enterprises are being encouraged to buy stocks to stabilize the market, reflecting the government's effort to mitigate the economic fallout from U.S. trade actions.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
