China's plan to win Trump's trade war

中国应对特朗普贸易战的策略

Post Reports

新闻

2025-04-18

22 分钟
PDF

单集简介 ...

The world’s two largest powers are closer than ever to a full economic break. Why neither the United States nor China want to blink, and what it will take for China to survive the trade war.
更多

单集文稿 ...

  • So, you may have heard there's a trade war going on.

  • Yeah, it's been a lot every day.

  • It's different and it's definitely hard to keep up.

  • I mean, so right now,

  • tariffs on Chinese goods from the US and tariffs on US goods from China are at historical highs and they basically amount to a trade embargo on each other.

  • Lily Kuo is the Post's China bureau chief.

  • And I've been covering the trade war for the last two weeks.

  • It feels like it's been a year.

  • As it stands right now, US tariffs on Chinese goods are at least 145%.

  • Chinese tariffs on US goods are at least 125%.

  • And this has all evolved well beyond measured trade policy.

  • It's actually gotten kind of mean.

  • Here's Vice President Jay Devance earlier this month.

  • We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture.

  • That is not a recipe for economic prosperity.

  • It's not a recipe for low prices and it's not a recipe for good jobs in the United States of America.

  • Then, China's top official overseeing Hong Kong affairs, Sha Baolong, bit back.

  • He said US tariffs would backfire and that, quote,

  • those peasants in the US would wail in front of 5,000 years of Chinese civilization.

  • So Beijing, you know, at every step of escalation from Trump,