On the night of May 14, the United States suddenly announced tariffs on $18 billion of Chinese imports. Such unilateral tariffs seriously violate the principle of international fairness in international trade. And many people think that this is not a big deal, after all, the amount of Chinese products involved is very small, only 18 billion US dollars, and many of the imported products involved in it, the United States does not import to China, such as new energy vehicles.
But in reality, this is a dangerous start to the US-China trade war. Just look at the Shanghai and Shenzhen stock markets on May 15, that is, the day after the sanctions, you can see the effect. The Shanghai and Shenzhen stock markets both fell. Many sectors are worried about the further escalation of the Sino-US trade war. The renminbi is quite strong, with a rebound after a series of declines. The signal effect of the strong RMB exchange rate may be much clearer than the economic signal of the Shanghai and Shenzhen stock markets. It is also the confidence of China's economy that it is not afraid of tariffs imposed by the United States. For the sake of voters' votes, US presidential candidates have gone so far as to use the harm of China's interests as a bargaining chip.