Why China is unfazed by the ‘tariff apocalypse’

News.com.au - 11/04
As Donald Trump’s trade war with China deepens, the Asian powerhouse has been left “unfazed” by mounting tariffs, a Chinese journalist has claimed, warning the US doesn’t “understand what the Chinese are capable of”.

As Donald Trump’s trade war with China deepens, the Asian powerhouse has been left “unfazed” by mounting tariffs, a Chinese journalist has claimed, warning the US doesn’t “understand what the Chinese are capable of”.

The US President announced on Wednesday he was slapping 125 per cent tariffs on China after it retaliated by matching US tariffs.

China responded with yet another escalation, bumping up its tariffs on all goods imported from the United States to 84 per cent.

Despite global stock market chaos and recession fears triggered by Mr Trump’s brutal tariffs, Huang Jiyuan, the Opinion Editor of Chinese media outlet CGTN said there’s a “sense of calmness” he feels when talking with people in China.

“This is what I hear the most from my conversations – We knew this was coming. Trump was clear about it long ago,” he said in a video posted on the outlet’s YouTube channel on Thursday about China’s stance on the “tariff apocalypse”.

“We were going to enact countermeasures because if you do this to China, you should expect to be slapped back.

“And third, in the war of attrition, you don’t outlast China. America will buck first.”

President Donald Trump announced on Wednesday he was slapping 125 per cent tariffs on China. Picture: Pool/AP

Mr Huang said one reason China is “confident” in the face of Mr Trump’s tariffs is its vast array of ...
[Short citation of 8% of the original article]