Mint Quick Edit | Big War Flames: What is the following?

Copyright © HT Digital Streams Limit all rights reserved. Opinion Livemint 1 Min Read 06 Apr 2025, 10:02 PM IST China’s retaliatory rates on the US are a flare -up in economic warfare between the world’s top power and its main challenge. Summary was China’s 34% retaliation of 34% in response to Trump’s ‘reciprocal’ trade barrier a knee-pressure response? Or does Beijing have a bigger theater of economic warfare in mind? According to US President Donald Trump, China played it wrong, referring to Beijing’s 34% retaliation of 34% on US imports in response to his extra levy of that rate as a ‘reciprocal’ obstacle to Chinese goods. Also read: Mint Snapview: Many countries will retaliate at Trump’s rates. India should not. It is a flare -up in economic warfare between the world’s top power and its chief challenge. It also makes many economists wonder if China’s response was knee-pressed. The answer to earlier tariff increases was nuanced; It aimed to reduce the Chinese demand for things from our ‘red states’. This time, too, it could have blew his hit back to pack a punch with US producers with minimal returning on its own economy. Also read: US rates on China, Thailand can open the door for India’s toy exports. Do China plan to replace all its US imports? Perhaps it expects to defend its bilateral trade surplus and stop Trump’s latest rate, the rate of which is based on the void as a ratio of its export to America. Yet the US China trade balance cannot be kept really steady. Also read: Chinese history shows how a closed economy can crush the greatness of a people, but is it a prelude to a currency value? Under Trump 1.0s Salvos, Beijing got a weaker Yuan to protect his export interests. Under Trump 2.0, the complexity stems from its multiplicity of targets. Action in the Currency Theater of War can warm up. India must remain vigilant. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #Donald Trump #China #Trade War Mint Special