Quotes
The speed in which the counter measures were rolled out shows a high level of deliberation and a suite of appropriate responses to hit back at the US,
said Dylan Loh, assistant professor at the Nanyang Technological University in Singapore
CHINA PLAYED IT WRONG, THEY PANICKED — THE ONE THING THEY CANNOT AFFORD TO DO!”
Trump hit back in a social media post, sayingThe relevant items have dual-use attributes, and it is an internationally accepted practice to impose export controls on them,
China’s Ministry of Commerce said in a statementChina’s retaliation seems still proportional and targeted by design, focusing mainly on agricultural goods and defence contractors,
he saidWhile the US is still obviously a very important market, fewer firms are now existentially dependent on US suppliers,
said Lynn Song, ING chief economist for Greater China
China controls about 69 percent of rare earth element mining. They also control about 90 percent of refining,
said Benson of Minerva Technology Policy AdvisorsChina bought 52 percent of our (soybean) exports in 2024,
said American Soybean Association chief economist Scott Gerlt_(cropped).jpg)
US farmers will bear a heavy burden,
said Asia Society Policy Institute vice president Wendy CutlerThat's going to probably be a chokepoint moving forward,
she addedChina could follow the cases of countries like Canada and levy tariffs on US products in a high range of 250 percent to 390 percent according to different situations."
Chen Wenling, former chief economist at the China Center for International Economic Exchanges, said
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Economic growth thrives through opening, not closing. The increase of protectionist behavior will not create winners, but will result in a situation where everyone is going to lose prosperity. At BMW, we strongly oppose tariffs or other trade barriers."
Oliver Zipse, board chairman of BMW, saidImposing export controls on them is a common international practice. As a responsible major country, China's decision to regulate these items reflects its consistent position of firmly safeguarding world peace and regional stability."
Citing their dual-use nature in both military and civilian industries, a spokesman for the Commerce Ministry saidRising car prices are already a major pain point for the vast majority of Americans who live in an area where they need a car to get to work, school, their kids' activities, and medical appointments,
said Erin Witte, director of consumer protection for the Consumer Federation of America
Chicken Little 'expert' predictions didn't quite pan out during President Trump's first term, and they're not going to pan out during his second term when President Trump again restores American Greatness from Main Street to Wall Street,
Desai said in an e-mailed statementThe tariffs are disastrous for the apparel industry worldwide, but especially for smaller countries with highly specialized garment manufacturing,
Green saidPeople will still import clothing to a large extent, and they'll have to eat the price increase,
he saidThese tariffs will make it much worse, and will significantly reduce Americans' choices about what car they want to buy,
she saidThis is the first very explicit escalation from China, they are not backing down, they are upping the game,
said Bjarne Schieldrop, chief commodities analyst at SEB
China's tariffs will stop soybean and grain sales to China. There will no sales of any U.S. grains or soybeans to China until this is resolved,
one European trader said
The US' move is tantamount to detonating a tariff bomb on global trade, destroying the foundations and rules of international commerce, while at the same time, this action will not make the US greater or wealthier. Instead, it will fuel inflation and could even accelerate an economic recession in the US,
Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times