China's big plan against Trump..!? A blow to the US economy?

donald trump has imposed an additional 10 percent tax on Chinese goods exported to the US. This is going to have a huge impact on China. Meanwhile, china is going to take a decisive decision against Donald Trump's action to put a full stop to the US. This is going to have a direct impact on the US economy. Due to this, there is a risk of a trade war breaking out between china and the US. donald trump is the US President. At the end of last January, he imposed a 25 percent tax on goods exported to the US from canada and Mexico. Similarly, he imposed a 10 percent tax on China. All 3 countries expressed strong opposition to this.

Following this, US President donald trump temporarily suspended the tariff system between the three countries for 30 days. This deadline has expired. As a result, the 25 percent tariff imposed on canada and mexico will come into effect from today. Similarly, donald trump has announced that he will impose an additional 10 percent tariff on china in addition to the 10 percent tariff already imposed. With this, trump has set a 20 percent tariff on Chinese goods exported to the US. This also comes into effect from today. Due to this, china is very angry with US President Donald Trump. Apart from that, china has formulated another plan to teach the US and President donald trump a lesson.
China's Global Times newspaper has published a news report in this regard. It belongs to the Communist party of China. In it, ``The US has imposed an additional 10 percent tariff on Chinese goods exported to the US. This has increased the total tariff to 20 percent (previously 10 percent). china is a major market for US agricultural products and food products. china has often retaliated against the US on this basis.
Therefore, china is planning to impose tariffs on soybeans and grains coming to china from the US. When these products are taxed, it will have a big impact on the US. Experts have said that it will have a big impact on farmers and US-based food exporters. Taking china, it imported US$29.50 billion in agricultural products from the US last year. This is 14 percent less than the previous year 2023. Similarly, the amount of agricultural and food products exported from the US to china has been decreasing since 2018.

Already, soybeans, beef, pork, wheat, and corn coming from the US have been subject to tariffs of up to 25 percent. This is the reason why the amount of goods sent from the US to china has started to decline. Now Xi jinping has decided to impose tariffs on agricultural and food products exported from the united states to china again. This is going to be a problem for the United States. If this happens, the volume of American goods going to china may decline. In addition, the united states may suffer economic losses. According to the US Census Bureau, in 2024, the united states sent half of its soybean exports to China. A total of 12.8 billion US dollars of soybeans went from the united states to China. china wanted not to depend solely on the united states in this regard. Due to this, it is buying soybeans from brazil instead of the United States. This caused a loss of income for the United States. In 2016, China's use of US soybeans was 40 percent. This was reduced to 21 percent in 2024.

Similarly, china turned to brazil as an alternative to the united states in corn exports. In this regard, china signed an agreement with brazil in 2022. As a result, china, which imported corn from the united states to the tune of 2.6 billion in 2023, imported only 561 million US dollars in 2024. Such actions of china angered the United States. In addition, the trade deficit between the united states and china is up to 30 percent.
To put it simply, china exports the most goods to the US. This is why people in china are making profits by using the US. donald trump wants to fix this trade deficit by driving a wedge between the world and china with one signature. As part of this, he has imposed a tax of up to 20 percent on goods exported from china to the US. In return, china is now planning to impose a tax on food and agricultural products exported from the US to that country. Accordingly, a plan has been formulated to retaliate against US President donald trump in the first phase. china has decided to impose a 15 percent tax on chicken, wheat, corn, cotton, etc. from the US starting march 10. Similarly, it is planned to impose an additional 10 percent tax on soybeans, pork, fish, seafood, fruits, vegetables, and dairy products. In addition, restrictions are planned on 25 US companies. This is not the first time that the US and china have clashed over tariffs. After donald trump came to power, he announced a 10 percent tariff on China. In response, china imposed a 15 percent tariff on US coal and liquefied natural gas exports and a 10 percent tariff on oil and agricultural equipment. This is causing problems for the US, and now china has decided to impose tariffs on agricultural and food products. This has raised the risk of a trade war between the two countries.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Sowmiya Sriram

04/03/2025 08:25 PM