An Enncrave compilation
US-China Tariff War
With US tariffs on the rise, experts warn that ASEAN will face increased Chinese exports, putting some factories out of work. Some ASEAN countries have already banned Chinese apps like TEMU and SHEIN, and updated their anti-dumping legislation, as pressure on domestic manufacturers mounts. On the other hand, US tariffs on ASEAN exports to its market are squeezing producers. Entire industries- like the solar panel manufacturing industry- have been decimated due to US tariffs in countries like Malaysia. ASEAN economies are being squeezed by both the superpowers- the US and China, and an intensifying tariff war. In this documentary, policy makers and experts discuss possible solutions, and how ASEAN will weather this storm.
00:00 Introduction 01:57 China exports increase as US tariffs bite 06:09 China’s unbeatable technological prowess 08:40 Impending China-ASEAN export surge 10:24 China’s global trade surplus 13:51 US tariffs hit Malaysia 16:54 Is China using Malaysia for transshipment? 19:03 The US-ASEAN trade deficit issue 20:53 Thailand’s auto sector contracts 24:51 Japanese factories shut, Chinese factories open 29:23 China EV’s impact on Indonesia 34:12 China-ASEAN Foreign Direct Investments 35:56 ASEAN economies squeezed by both superpowers 42:08 ASEAN strategies to strike a deal with Trump 44:32 Can ASEAN grow in 2025?
https://www.bbc.com/news/live/cn4jjw30d5qt?fbclid=
On April 2, US President Donald Trump announced a new round of global base tariffs, raising rates on dozens of countries. At the time of the announcement, the actual tariff rate for China stood at 34%. In response, the Chinese Communist Party (CCP) announced on April 4 that it would impose a matching 34% tariff on all goods imported from the US. Trump then warned that he may raise tariffs on China by another 50%. The CCP responded by saying it’s ready to fight to the end. While the Chinese government is showing a tough stance, many businesses in China are already feeling the pain. On April 7, a Tiktoker filmed a clothing factory that had shut down and said the textile industry is in serious trouble. All the machines in his own factory are about to stop. He said this year is going to be incredibly tough.
China is continuing to seek adequate responses as it remains the target of massive US trade tariffs despite US President Donald Trump’s turnaround decision on Wednesday to pause the hefty levies he had just imposed on dozens of other countries. Trump has raised the tariff on Chinese imports to the US to 125%, up from the 104% levy that went into force on Wednesday. Beijing, in its turn, may well once more up the 84% tariffs it applied to US imports on Wednesday in retaliation to Trump’s initial move. It has vowed to “fight to the end” in the trade war that is rapidly escalating between the world’s two top economies. China says it has held talks with the European Union and Malaysia on enhancing trade ties in response to the friction with the US. It also said it had filed a protest with the World Trade Organization (WTO), complaining of “bullying” tactics by the Trump administration. Trump, who says he raised the tariffs on Chinese imports in response to China’s “lack of respect” for global markets, has insisted that a trade agreement will be reached with Beijing. “A deal’s going to be made with China,” Trump said, while adding that China’s leaders “don’t quite know how to go about it.” China is the second biggest provider of imports to the US after Mexico. China has called on the United States on Thursday to meet it “halfway” as a trade war between the world’s two top economies gains momentum, but promised to “fight to the end” if no compromise can be reached. “The door to dialogue is open, but it must be based on mutual respect and conducted in an equal manner,” Commerce Ministry spokeswoman He Yongqian told a regular press briefing. The use of pressure, threats and blackmail was not the right way to deal with China, He said. She warned that US tariffs on international trading partners would “severely impact the stability of the global economic order.” China would continue to resolutely safeguard its sovereignty, security and development interests, she said. China’s Foreign Ministry also warned that the US tariffs were harmful to the whole world. The tariffs “seriously damage the rules-based multilateral trading system, and seriously impact the stability of the global economic order,” Foreign Ministry spokesman Lin Jian said. “This is a blatant act that goes against the will of the world and goes against the whole world,” he added. For more news go to: http://www.dw.com/en/
Amazon sellers are reeling amid Trump’s 125% tariffs on Chinese goods, telling CNBC they will need to raise prices and could go out of business. Up to 70% of goods on Amazon are imported from China. Seven of the eight U.S.-based Amazon sellers CNBC talked to said that manufacturing in the U.S. isn’t financially possible, despite tariffs. One positive: Trump did close a loophole that was helping direct-from-China sellers on Temu and Shein undercut U.S. seller prices. The “de minimis” exemption that allowed goods under $800 to avoid all taxes and duties will end on May 2. Update: On April 10, 2025, the White House clarified to CNBC that tariffs on imports from China now effectively total 145%.
President Donald Trump has raised tariffs on Chinese imports to a staggering 125%, singling out Beijing in his widening trade war. While the US offers a 90-day tariff pause to 75 nations, China is excluded. Trump insists Beijing wants a deal but “doesn’t know how to ask.” Beijing’s response has been forceful—retaliating with 84% tariffs, restricting US firms, and threatening further action. From WTO complaints to curbs on Hollywood films and potential blows to US agriculture and finance, China is preparing for a long battle. As both nations dig in, the global economy braces for the fallout of this deepening trade conflict.
Patrick Bet-David uses relatable analogies to explain tariffs, trade deficits, and surpluses and highlight the US-China trade imbalance. He explains why tariffs are key in negotiations, contrasts Trump’s and Cuba’s views, and delves into the historical context of trade policies and their global impact
Donald Trump’s tariffs are causing mass hysteria across the globe, but it seems as if the extreme measure may just be working exactly as Trump planned all along.
Trump’s tariffs are reimagining the world as we know it. Great alliances are being turned on their heads and new friendships are being formed.
China has long been the largest holder of U.S. treasuries. But in recent years, it has been selling them by billions.
The US is in a lot of debt. Currently, the country owes $28.2 trillion dollars. But… who would even lend them that much money? Who does the US owe this massive sum!?
The International Monetary Fund has issued a warning about the potential global repercussions of the rising US government debt. The IMF believes increased borrowing costs could potentially destabilise international financial markets. The IMF attributes this risk to the US’s higher government spending and elevated interest rates. Additionally, a recent Congressional Budget Office analysis forecasts that American spending on interest payments will reach $870 billion this year, surpassing the $822 billion allocated for defence in 2024.
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