The Chinese mainland remains undaunted as it faces renewed tariff pressures from the United States. In a dramatic social media post, U.S. President Donald Trump warned that if China did not retract its counter-tariff plans by April 8, additional 50% tariffs would be imposed from April 10, potentially bringing total tax rates on certain imports to 104% and halting Beijing-Washington talks.
Responding to these moves, China\'s Ministry of Commerce declared, "If the U.S. insists on its own way, China will fight to the end." The ministry emphasized that the 34% duties on American goods are a legitimate measure to safeguard national interests, security, and development, standing as a counter to what they term as economic bullying.
Underlying this robust stance is a significant economic transformation. Years of structural reform have steadily reduced the Chinese mainland\'s reliance on foreign trade. Official data reveal that the dependence on foreign trade fell from 64.2% in 2006 to less than 35% today, while domestic consumption now fuels more than 70% of economic growth. Meanwhile, exports to the United States have decreased from 19.2% in 2018 to 14.7% in 2024, underscoring a strategic pivot toward self-reliance and resilience.
Analysts observe that these economic shifts not only cushion the Chinese mainland against external pressures but also reinforce its determination to uphold fair trade practices and sovereign interests amid an increasingly complex global trade environment.
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China is confident to fight till the end against the new tariff threat
cgtn.com
