What China could do next as Trump's tariff war ramps up

Last Wednesday, Donald Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, bringing duties on all Chinese imports to the US to well over 54%.

Then, China hit back with 34% retaliatory tariffs on imports of US goods.

In response, the US president said Washington will impose additional 50% tariffs on China if the nation does not withdraw its 34% retaliatory tariff by today.

China did not.

Sky News' Gurpreet Narwan explains the possible impact of more tariffs on China and on world trade.

#skynews #china #america #usa #tariffs #analysis

[opinionbnm]

While China clearly states what it will do, the EU is discussing what it could possibly do. When it's all over, they will discuss what they would have done best.

[charlesyang]

Not much difference of tariff of 34%, 54%, 104%, if there is no Trade !

[AlexanderJuliusK]

Hi, man, I'm an alien. This is the first time I've heard of a country in the universe that uses its own printed money to buy goods from other country, and then shouts that it's unfair and adds 100% tariffs.

[treseoreilly]

China has no problem dropping trade with the US.

[saxby]

In the US . Those that can afford it . Will just pay and complain
Those that can't afford it .
Will suffer and complain.

There is no other nation that is more hooked on consuming goods, then the USA
( There will be huge amount extra income in Trump's budget )

[frankensteinfrenchies]

As an American business owner with 6years importing experience working with China

The American business is paying the tariff not China

So the cost will be passed onto Americans until we start producing those same goods we currently outsource

[linslins]

Wait until all rare earth minerals is completely banned.

[Cremenium]

It’s not a tariff “on China”. It’s a tariff on goods made in China that Americans have to pay for!

[ShenaraReclaw]

Not a tariff "on China." A tax on the American people.

[JackKing]

Extend the same courtesy ten folds. Feel sorry for the Americans. China will take its business to all other countries except the US...

[BureaucracyWorld]

China will kick Tesla out of the country.

[thtupid]

I have a trade deficit with my local supermarket. They should pay me because of this.

[TejashPatel-zr]

As a Brit, I think i smell a business opportunity to export Chinese goods to America. I'm starting to like capitalism.

[michaelperez]

54+50=124? She might want to redo her math!

[kurez]

All the armchair economists in the comments who probably haven't even got their own finances in order

[BayAreaSlots]

Chips went up 300% and no one said a thing, now Dollar tree will be 2 dollar tree, and yall in a panic? 😅

[AB__AB]

No, China does not want to negotiate. It has already written off the US as a total loss.

[zoom]

These tariffs are becoming funnier than Get Smart

[jasonsccheung]

"It's hard to see who's the winner"... but easy to see who wants the status quo.

[rawdog]

The price of MAGA hats skyrocketing is the greatest irony ever. 😂