中国ちゅうごく 84％の追加ついか関税かんぜい措置そち発動はつどう アメリカからの輸入ゆにゅう品ひんに

The Chinese government has implemented a measure to impose an additional 84% tariff on imports from the United States in response to the reciprocal tariffs and other additional tariffs imposed by the Trump administration, effective shortly after 1 PM Japan time on the 10th.

The intensification of trade friction between the U.S. and China is raising concerns about its serious impact on the global economy.

Additionally, Chinese Foreign Ministry spokesperson Lin Jian emphasized once again at the press conference on the 10th that there are no winners in a tariff war or trade war.

The Chinese side does not want to fight, but is never afraid.

We will never just sit and watch as the legitimate rights and interests of the Chinese people are taken away and the multilateral trading system is destroyed, he said.

In addition, it emphasized that sacrificing the legitimate interests of various countries for the benefit of American hegemony is sure to face even stronger opposition from the international community.

The Trump administration in the United States, following the imposition of an additional 20% tariff on China in February and last month, announced on the 9th an additional 84% tariff including reciprocal tariffs, raising the total additional tariffs on China to 104%.

In response, the Chinese government implemented a measure to impose the same additional 84% tariff on imports from the United States, shortly after 1 p.m. Japan time on the 10th.

China also implemented countermeasures against the additional tariffs imposed by the Trump administration in February and last month, but in both cases, it limited the items subject to additional tariffs.

In response, this time they have taken comprehensive countermeasures.

Subsequently, the United States has raised additional tariffs on China to 125%, and attention is focused on whether China will take further countermeasures.

As many countries and regions, including Japan, move to avoid trade friction with the United States, the confrontation between the U.S. and China is intensifying with exchanges of additional tariffs and countermeasures, raising concerns about serious impacts on the global economy.

Yuan at Lowest Level in 17 Years and 4 Months: View that China is Allowing Yuan Depreciation. On the 10th in the Shanghai foreign exchange market, there was a movement to sell yuan and buy dollars, with the yuan temporarily reaching 1 dollar = 7 yuan.

It was priced at 351 RMB.

This is the lowest level since December 2007, in 17 years and 4 months.

The trading of the Chinese yuan is conducted within a range of plus or minus 2% from the reference rate announced by the Peoples Bank of China every morning. On the morning of the 10th, the Peoples Bank of China set the reference rate against the dollar at its lowest level in a year and seven months.

In the market, there is a growing view that China will allow the depreciation of the yuan to mitigate the impact of the significant increase in additional tariffs by the Trump administration in the United States.

The depreciation of the yuan may lead to increased competitiveness in the export industry, while also posing a risk of capital outflow from China. The Chinese government has so far shown a cautious stance.

Market participants are saying that since the additional tariff rate is larger than expected, there is a view that the Chinese government has shifted towards guiding a weaker yuan.

However, a rapid depreciation of the Chinese yuan could provoke a backlash from the United States, making trade negotiations even more difficult, and the outlook is uncertain, he says.

According to Chinas trade statistics, the amount China exported to the United States last year was 4% more than the previous year, making the U.S. the largest export destination. The economic impact of additional tariffs is unavoidable.

It increased by 9% to more than 524.6 billion dollars, which is about 77 trillion yen.

14% of Chinas total exports

It accounts for 6% and is the largest export destination as a country, and the impact on the economy due to additional tariffs is unavoidable.

The Japanese research firm Daiwa Institute of Research estimates that the 104% additional tariff imposed by the Trump administration on the 9th of Japan time will...

It is expected to push down by 55 points.

The Trump administration further raised additional tariffs on China to 125%, which is expected to have an even greater impact on the Chinese economy.

On the other hand, amid ongoing tensions with the United States, China has been increasing its exports to emerging countries such as ASEAN Association of Southeast Asian Nations member states.

Last years exports to ASEAN increased by 12% from the previous year, reaching over $586.5 billion, approximately 86.2 trillion yen, surpassing the scale of exports to the United States.

The real target of the Trump administration is China, said Junka Go, Senior Executive Director of the Japan Research Institute, who is knowledgeable about US-China relations and the Chinese economy. Regarding the Chinese governments move to impose an additional 84% tariff on imports from the United States in response to reciprocal tariffs by the Trump administration, he stated, There is a recognition that the real target of the Trump administration is China, and there was probably a judgment that even with concessions, a good deal could not be made.

In addition to the judgment that making concessions economically is pointless, politically, taking a hardline stance can enhance patriotism and be advantageous for uniting the country, it was stated, pointing out that there is also an aim to foster domestic unity amid the slowdown of the Chinese economy.

Regarding Chinas future response to U.S. tariff policy, it was stated that its not a matter of whether they can endure it, but rather that they must endure it. Furthermore, considering the growing dissatisfaction with the Trump administration, it was suggested that China will likely try to form as many alliances as possible against the U.S., and strengthen ties with other countries facing tariff measures.

Furthermore, regarding the situation where the U.S. and China are engaging in a tit-for-tat exchange of additional tariffs and countermeasures, it is stated that the U.S. and China are probably in the final stages of trade decoupling.

It was analyzed that from now on, the fields of production and manufacturing, and gradually the decoupling of the economy will progress.

《Impact of Additional Tariffs Widens, Leading to Review of Business Strategies》Manufacturers exporting items like baseball caps express fear, saying Every time tariffs are raised, its terrifying. In response to a series of additional tariffs by the Trump administration, industries in China that export a lot of goods like miscellaneous items and clothing to the U.S. are experiencing widespread shock.

At a garment manufacturer in Guangzhou, Guangdong Province, where the manufacturing industry is concentrated, they receive orders from major overseas sports brands and produce items such as hats, with exports to the United States accounting for half of their shipments.

We have been exporting various products such as baseball caps with the USA logo, but the additional tariffs imposed by the Trump administration have made the future uncertain.

In February and March of this year, when an additional 20% tariff was imposed on China, we managed to continue exporting while consulting with our American customers.

However, it is said that the additional tariffs will exceed 100%, and some business partners have requested a temporary halt to exports.

On the 9th, when the interview took place, the products that were scheduled to be shipped to America were still piled up in a corner of the factory.

This manufacturer is considering expanding domestic sales channels and exploring export destinations such as Europe and Southeast Asia, as a decrease in exports to the United States is inevitable if the additional tariffs continue.

The companys executive, Kenhou Ma, said, The American market is extremely important to us.

I feel scared every time tariffs are raised, so I want it to be resolved as soon as possible.

Neither companies nor citizens desire intense conflicts between China and the United States, he said.

In the building materials manufacturer, there is a series of movements to hold off orders from clients. A Hong Kong manufacturer producing aluminum building materials for the American market in Dongguan, Guangdong Province, reports that there is a series of movements to hold off orders from clients.

Due to the fact that this manufacturers products, including those that have been ongoing since the first term of the Trump administration, have had an additional 70% tariff imposed, the manufacturer is exploring new export destinations outside of the United States and considering establishing new production bases in Southeast Asia.

As a candidate for production bases, we began considering Malaysia, where the reciprocal tariff rates initially announced by the Trump administration were relatively low, but we are being swayed by sudden policy changes such as the suspension of this measure for 90 days.

Furthermore, it is said that establishing new production sites takes at least two years and requires significant capital investment. Amidst the uncertain prospects of the US-China trade war, formulating concrete business strategies is challenging.

Liu Dabao, who runs this building materials manufacturer, says, I am at a loss and confused.

If the trade war between the US and China continues, it will be quite troublesome for small and medium-sized enterprises like us.

The funds are limited, and there arent many options, he said.

Chinas Countermeasures So Far: In response to the Trump administrations imposition of an additional 10% tariff, China imposed up to a 15% additional tariff on coal, LNG liquefied natural gas, and other imports from the United States starting February 10th this year.

The targeted items amounted to 14 billion dollars, or over 2 trillion yen, and it was a limited measure.

In response to the Trump administration raising additional tariffs to 20% last month, China imposed up to 15% additional tariffs on some agricultural products, including American chicken, wheat, and soybeans, starting on the 10th of last month.

The targeted items amounted to 22.3 billion dollars, which is over 3.2 trillion yen in Japanese currency, and although the scale exceeded the measures taken in February, there was a view that this was also a restrained response to leave room for negotiation with the United States.

However, on the 3rd of this month, in response to the Trump administrations imposition of an additional 34% tariff as reciprocal tariffs, China announced comprehensive countermeasures to impose the same 34% tariff on all imports from the United States starting from the 10th.

And on the 9th, the United States imposed an additional tariff of 84%, adding another 50% to raise the total additional tariff on China to 104%. In response, China announced that it would raise the additional tariff on the United States to 84%.