World Today
Decoding China's countermeasures in response to US tariffs
Feb 4, 2025
Liu Zhiqing, a Senior Fellow at Renmin University, sheds light on China's countermeasures to US tariffs, including new tariffs and export controls. Kamal Makili Aliev examines why EU nations are ramping up defense spending amid geopolitical tensions. Gao Shirei discusses the significance of Pakistan's cooperation with China during President Zardari's state visit, focusing on economic ties and counterterrorism. Yang Liang highlights the Eurozone's stagnation, detailing economic contractions in Germany and France and the need for strategic investment.
52:32
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- China is implementing retaliatory tariffs and export controls as a strategic response to U.S. trade policies, emphasizing industrial goods to minimize consumer impact.
- The European Union is significantly increasing defense spending driven by security concerns, highlighting the need for a stronger military capability amid ongoing geopolitical tensions.
Deep dives
China's Counter Tariffs on U.S. Products
China has announced a series of tariffs on American products ranging from 10% to 15%, marking a retaliatory move against similar tariffs imposed by the United States. These tariffs include a 15% tax on coal and natural gas imports, as well as a 10% levy on petroleum, agricultural equipment, high-emission vehicles, and pickup trucks. The Chinese government has stated that these unilateral tariffs from the U.S. violate World Trade Organization rules, prompting their response. The focus of China's tariffs appears to be on industrial goods rather than consumer products, suggesting a careful approach to mitigate impact on American consumers.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
