Big Take Asia

China’s New Game Plan for Dealing With Trump Tariffs

22 snips
Feb 11, 2025
Shuli Ren, a Bloomberg Opinion columnist focused on China's economy and politics, dives into China's nuanced response to U.S. tariffs imposed during Trump's administration. The discussion reveals how China has adopted a more strategic and less confrontational approach, drawing parallels with Tai Chi. Ren highlights the long-term economic strategies of China versus the U.S.'s short-term focus and addresses the potential consequences of a renewed trade war. He also examines Xi Jinping's steady demeanor and Beijing's efforts to strengthen alliances amid rising tensions.
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INSIGHT

Muted Response

  • China's response to Trump's tariffs is more muted in 2025 than in 2018.
  • This stems from China's weakened economic position and increased reliance on exports.
INSIGHT

Trump's Broader Goal

  • Trump's goal seems broader than just increasing US imports from China.
  • He wants to revitalize American manufacturing and rebalance trade with various partners.
ANECDOTE

China's Response

  • China's muted response includes targeted tariffs on goods like oil and gas.
  • They also initiated an antitrust probe into Google, which largely exited China years ago.
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