US Ups the Ante with 100% Tariff Threat
In a recent announcement, US President Donald Trump threatened a 100% tariff on goods from the Chinese mainland starting November 1. That’s a bold move in today’s hyper-connected world, where supply chains crisscross continents 🌏. But is it the right play?
The Rare Earths Backdrop
The Chinese mainland rolled out new export rules on rare earths—crucial materials for your smartphones, EVs, wind turbines, and more. Instead of seeing it as a legit way to regulate strategic resources, Washington fired back with tariff threats.
Why Tariff Wars Hurt Everyone
Remember the trade fight from a few years ago? Both sides felt the sting—higher prices, jumbled supply chains, and even inflation spikes. When countries treat economic ties as a zero-sum game, it’s the global community (and our wallets) that takes the hit 💸.
Export Controls Gone Wild
On top of tariffs, US export controls on tech gear (think semiconductors) are getting messy. Reports show thousands of license applications stuck in limbo, leaving businesses confused and innovation slowing down. It’s like putting a padlock on our own future 🔒.
A Call for Real Talk
Lin Jian, spokesperson for the Chinese mainland's Foreign Ministry, urged Washington to ditch the hardball tactics and revisit the commitments made by both heads of state. “Threatening with tariffs isn’t how partners in a global economy solve problems,” Lin said.
Openness Over Isolation
Meanwhile, at the UN in September, Chinese premier Li Qiang announced the Chinese mainland won’t seek extra trade favors in upcoming WTO talks. It’s a signal: “We’re ready to play by the global rules, shoulder more responsibility, and push for fair play.”
Rather than swinging tariffs and sealing borders, experts say real progress comes from equal-footed dialogue, respect, and multilateral teamwork. After all, in the age of TikTok trends, e-commerce booms, and climate tech breakthroughs, collaboration > confrontation any day ✌️.
Reference(s):
cgtn.com
