Chinese correspondent
Beijing made a decision. After a few days of warning, Washington was urged to participate in the negotiations and "met with China", so he decided to counterattack-or at least threatened to retaliate with your own tariffs.
China stated that it will impose 15 % tariffs on coal and liquefied natural gas products, as well as tariffs on crude oil, agricultural machinery and crude oil imported on February 10th, agricultural machinery and large cars.
Date is important. This means that the two largest economies in the world still have time to take a step back from the edge of the trade war.
According to the White House, the two leaders arranged the call later this week. Although it was announced today that although China is in a listening model, there are still signs that they are opening the door for the negotiations.
First, compared with Donald Trump's taxes on all Chinese products to the United States, China's anti -measures are limited.
The United States is the largest exporter of global liquid natural gas, but China only accounts for 2.3 % of these exports and its main automobile imports, from Europe and Japan.
The positioning of this calculated goods may be just the opening shot of Beijing, which is a method of obtaining some bargaining ability and leverage before any negotiation.
Since Trump took office, the affection of the United States-China relations may encourage Chinese officials.
The US President said that he called President Xi Jinping a few days before the inauguration ceremony, and the highest -level Chinese officials ever participated in the event. He also suggested that he hopes to cooperate with Xi Jinping to resolve Russia's war in Ukraine.
President Xi Jinping may not want to fight with Trump because he is busy trying to build his sick economy.
For the two leaders, this is also a familiar area-although they may not want to revisit the past. In Trump's previous session, the honeymoon period of the United States-China relations was worsening.
Trump's agreement with China is also much more difficult than transactions with Mexico and Canada, and largely depends on his demand for Beijing.
China is the main economic competitor in Washington, and has reduced the country's goal of the Trump administration from a large supply chain.
If Trump demands too much, Xi Jinping may feel that he can go away, and there will be restrictions on how far he is willing to be promoted.
The US president is dealing with China, which is more confident than that time. Beijing has expanded global footprints and is now a major trading partner in more than 120 countries/regions.
In the past two decades, it has steadily tried to reduce the importance of trade to economy and increase domestic production. According to data from the Foreign Relations Commission, today, import and export account for about 37 % of China's GDP, and in the early 2000s of more than 60 %.
10 % tariffs will sting, but Beijing may feel that it can absorb strikes.
Worried that President Trump was serious about raising this 100 % to the 60 % percentage he promised during the campaign, or he would continue to use tariff threats as repeated diplomatic tools to master XI's head.
If this happens, Beijing will be ready to be ready, which means to formulate a clear strategy to prevent this strategy upgrade.
The leader signed a transaction last time, but the ending was not smooth.
The two countries have levied tax tariffs sold for hundreds of billions of dollars from 2018.
It lasted for more than two years until China finally agreed to spend an additional $ 200 billion (£ 16.1 billion) on American products in 2020.
Washington hopes that this transaction will reduce the huge trade deficit between China and the United States, but according to Chinese customs data, the plan is derailed due to the popularity of the league. The deficit is now $ 36.1 billion.
China is also facing key challenges because it is thinking a few steps in any negotiations.
Beijing's selling price for the United States is still nearly four times that of the United States-during Trump's term, it has exhausted its goal.
Analysts believe that China is now looking for more extensive measures, not just retaliation of increasing trade war.
The clock responded. This is not a comprehensive trade war. Enterprises around the world will observe whether the two leaders can reach a certain solution later this week.