What should come will come after all. On May 14, local time in the United States, the U.S. Department of Commerce announced that it would further increase the tariff rates on lithium batteries for electric vehicles, photovoltaic cells, critical minerals, semiconductors, steel, aluminum, port cranes, personal protective equipment and other products imported from China. It should be said that it should come. Always coming.
Every time the US strengthens communication and coordination with China, it always says one thing and does another. China's official commerce ministry has announced that it will take resolute measures to defend its rights and interests. Judging from the measures, China's increase in tariffs on American products such as Apple and Boeing aircraft, especially on Apple's imports, is immediate.
The proportion of mobile phones and tablets produced in China has dropped to about 2%, and the impact of reducing the import of Apple phones on China's industrial chain is minimal. It is in China's national interest to impose high tariffs on them.
Implementing the principle of reciprocity allows for trade retaliation against the United States. In addition, export tariffs on key U.S. exports are imposed. Exporting inflation to the United States has effectively put pressure on the U.S. economy.