China's official state media has expressed sharp criticism towards the US, suggesting that American claims of victimhood in the ongoing trade war are unfounded. According to an editorial from China Daily, the US has been reaping the benefits of globalization while underestimating its own economic behavior, living beyond its means for decades, consuming more than it produces, and relying heavily on outsourcing and borrowing. Instead of being “ripped off,” the US has been taking advantage of the global economic framework, and the editorial urges the nation to stop portraying itself as a victim and to cease its "capricious" trade tactics.
As tensions continue to simmer in the bilateral trade relationship, Beijing has made changes to its trade negotiation team, appointing Li Chenggang as the new lead negotiator in response to the deadlock. This reshuffle comes as US President Donald Trump asserts that negotiations depend on China, stating, "the ball is in China’s court," while reiterating the US's position as distinct due to its size. China's foreign ministry countered these statements, highlighting that the US initiated the trade conflict and calling for discussions based on equality and mutual respect, rather than threats and pressure.
The ongoing trade war is anticipated to have considerable repercussions for both nations, especially as China was already facing economic challenges post-pandemic, including low consumer spending and high youth unemployment. Meanwhile, recent statistics indicate that China's economy grew by 5.4% in the first quarter, surpassing expectations, largely due to exporters hastily fulfilling orders before tariffs took effect. Despite this growth, officials caution that impending US tariffs may further strain China’s foreign trade and broader economy.
Furthermore, during his regional tour, Chinese leader Xi Jinping emphasized the importance of fostering partnerships with ASEAN countries, aiming to reinforce trade ties in the face of unilateralism and protectionism. Even though tariff increases have momentarily halted, both countries are exploring other avenues to intensify their economic standoff. Reports indicate that China has instructed its airlines to halt procurement of certain American aviation products, and Hong Kong's postal service has announced restrictions on shipments to the US due to the ongoing trade tensions. At the same time, Trump has proposed investigations into new tariffs affecting pharmaceuticals, semiconductors, and rare-earth metals, potential moves that could further complicate US-China trade relations.
6 Comments
Muchacha
Come on China, don’t try to rewrite history. The trade war is your own doing.
Mariposa
It’s time the U.S. faces up to how its actions can impact global trade dynamics—seriously!
Bella Ciao
It’s outrageous to think that China could criticize anyone about economic behavior—look in the mirror!
Comandante
American consumers deserve fair trade. China needs to stop playing the victim and start being responsible.
Mariposa
China wants to play nice while they quietly continue their aggressive economic strategies. Hardly credible.
moshiurroney
Xi Jinping’s focus on ASEAN is smart and necessary during these trade tensions. Collaborate, don’t isolate!