China urges unity against “trade tyranny”

China called on the world to the union against the Trump tariff, as the country’s exporters are balls of new United States waterfalls, which rose to 104 %.

“Global Unity can triumph over the commercial tyranny,” an opening article in the state -run China Daily newspaper, referring to Beijing’s cooperation with Japan, South Korea and other Asian economies. A separate piece of the European Union called for it to “support free trade and polygamy.”

Lynn Jian spokesman Lin Jian, Lin Jian, told reporters on Wednesday that Beijing “is strongly opposed and will never accept such dominant and bullying practices.”

Definitions come in a difficult time for the slow economy in China: local consumption is still weak and exports are still a major driver for growth.

The comprehensive nature of Trump’s definitions also left Chinese companies invited to control their supply chains – with most countries affected, companies say it is difficult to find a way out of this uncertainty.

The owner of a Chinese company that deals with logistical services across the border of e -commerce, as well as charging air and sea, said that the definitions will reduce “thin profit margins.” He did not want to share his name.

“The high definitions define the costs of charging equipment like us, as well as for factories, companies and sellers. This means only that everyone earns less.”

Dan Wang of the Eurasia Group said that any tariff exceeding 35 % will give all the profits that Chinese companies make when exporting to the United States or Southeast Asia.

“Growth will be much lower because exports have contributed 20 % to 50 % of growth since the roaming epidemic,” she added.

The Chinese government has not announced reprisal measures, but Beijing is considering banning Hollywood films and suspending Fntanil’s cooperation with the United States, according to Chinese blogger Leo Hong, a great editor in the state -run Shinachua news.

But this will provide a little rest to companies such as Fuling, a company that sells table tools that can be eliminated to fast food restaurants such as McDonald’s and Wendy, the additional definitions “will significantly affect” its business. She pointed out that nearly two -thirds of the company’s revenues in 2023 and the first half of last year came from the United States.

To alleviate the impact of definitions, Volong, its headquarters in the Chinese province of Zhejiang, began a new factory in Indonesia at late last year.

The company said in the corporate file that Trump’s new definitions have provided more uncertainty for Chinese exports from Indonesia are now under the imposition of 32 %.

Indonesia has been exposed to most of the world in President Trump’s announcement of Wide tariff last weekHe claimed that he would allow the American economy to prosper.

But economists have warned against the American and global recession. The customs tariff also rocked the global markets and criticism of the Executive billionaire, including Trump ally Elon Musk.

Trump import taxes include a 10 % basic tariff for almost all foreign imports of the United States, and the highest definitions of what he calls “the worst criminals”. These include Cambodia (49 %), Vietnam (46 %) and Thailand (36 %), developing economies that have benefited from strong exports.

After Beijing announced a dream tariff, Trump raised the fees on Chinese imports, more than doubling to 104 %.

The owner of the BBC Logistics Company told that he reserves the hope that China is able to negotiate with some of these taxes: “Only when a final decision is made, we can plan our next steps.”

While China has left the door open to the talks, Trump has not spoken to Chinese leader Xi Jinping since his return to the White House.

The American Chamber of Commerce in China said in a memorandum of its members on Wednesday that such wide and overwhelming tariffs will cause more harm than them.

“This level of turmoil is unprecedented, and it is still unclear how the current measures of consumers in any of the nation or the broader economy will benefit,” read the observation signed by President Alfin Liu and President Michael Hart.

Some analysts believe that the fees will force China to restructure its economy and rely heavily on local consumption, which it was Struggle to increase.

Otherwise, the sustainable definitions of China will not be in the long term, according to Tim Water, from the KCM Trade.

“The definitions aim to suppress China,” said the director of the Chinese shipping company, who asked not to be identified.

He added that many Southeast Asian countries that were subjected to sharp tariffs are “exactly” as many Chinese companies have moved, such as Vietnam and Cambodia.

The Tianjin -based company plans to negotiate with some of its American customers to exchange the burden of definitions. “Every case is different, but in general, the effect was very big,” he said.

The director of another Wu Changchon shipping company, whose company is mainly working on shipping routes between China and Cambodia, said he is already witnessing a decrease in the volume of charging.

He said that many construction projects in Cambodia had stopped after the announcement of the Trump tariff.

“If the definitions are 10 % or 20 %, companies may remain able to absorb the cost by improving supply chains, lowering margins and sharing the burden. Trade can still continue … (but in 104 %) this is no longer anything that can fit,” said Mr. Wu, General Manager of Maritima Maruba.

“This is the whole chapter. Trade will stop mainly.”

Additional reports by Annabel Liang