Massive threat to Donald Trump’s US and Europe as China plans retaliation after the US threatens 100% tariffs on China; Beijing plans to halt exports of…
US-China trade war: In a significant development amid already escalating US-China trade war, China has taken a decision that has pushed the conflict to a altogether new turning point. After China decides to implement its decision, its impact will not be limited to either the US or China but across the global supply lines. Therefore, US President Donald Trump’s recent threat to impose 100% tariffs on China has sparked a new war, as China now prepares itself to retaliate with a massive scale, possibly impacting global supply lines, including that of Europe and the US.
What has China threatened to stop stop exporting?
In its recent decision, China has threatened to stop exporting many of its products, cars, computers, chips, tanks, and even fighter jets, to the world starting in November, a move which will most impact the US and countries of Europe. Readers should note that this decision is coming at a time when the supply of raw materials for production is already disrupted across the globe.
How much tariff is US planning to impose on China?
For a background, Donald Trump’s sudden announcement of 100% tariffs prompted Xi Jinping’s China to threaten harsher action against US and Europe. Now, it has taken this step further by banning the export of several new materials and military equipment, such as powerful electric motors used in missiles and fighter jets, and range-estimating equipment for tanks, which will disrupt global supply lines.
How will China’s next step impact Europe?
The new Chinese policy could particularly weaken Europe as most of the European countries seek to increase their military strength against Russia. Also, the European Union has already imposed tariffs on Chinese electric vehicles, which angered China. Therefore, China is highly outraged by Trump’s announcement of new tariffs and might take the decision to stop exporting many of its products, cars, computers, chips, tanks, and even fighter jets.
News