Trump's rates against China's big test for Xi Jinping's leadership: Nicholas Burns

Beijing, US high tariffs on China, will be a major test for the leadership of President Xi Jinping amid the economic slowdown, while the Trump administration’s levies on Beijing can be much more effective if the US will take allies, the former US ambassador to China Nicholas Burns said. US President Donald Trump has slapped 145 percent rates against Chinese exports and China refuted with 125 percent levies on its US imports. China is the only country that has retaliation with Tit-for-Tat charges. Halfway through his tariff campaign against a number of countries, Trump interrupted the additional duties on other countries for 90 days, while he imposed more punishment on China to leave Beijing to fight a lonely battle to defend his interests. “The US tariff war will be an important test for Xi Jinping simply because the Chinese economy has not done well over the past few years. Their GDP growth rate is delaying,” Burns told BBC on Friday. “They still have a big kater of the property bubble,” which caused a serious crisis in the real estate market, the mainstay of the Chinese economy, Burns said. ‘They have a demographic crisis in the next decade or so. “I don’t think the Chinese government wants a sustained trade war. They want to get a trade agreement with the United States,” said Burns, who was appointed by former US President Joe Biden and served as US Ambassador of Beijing from 2022 to early this year. He also said Trump should take the US allies to make the trade war against China more effective. “The other issue is the most important mismatch by the Trump Administration. We have not included on our side of the trade fight, our most important trading partners, the EU, Japan and South Korea and those countries with the US, more than 60 percent of the global GDP. not. Ambassador. ” He said it was important to remember that former US President Biden also continued the rates that Trump imposed in the previous presidency. The Chinese government has not protected the intellectual ownership of US businesses in China, “he said.” Chinese has been practicing forced technology transfer. Six months continues, it can effectively disconnect the economic ratio of the two countries, “Burns said. The total trade between China and the US last year was $ 642 billion in goods and services and China is America’s 3rd largest trading partner after Mexico and Canada, he said.” The rates will have a profound impact on the US economy and a major impact on China. We hope the two governments will find a way to talk at the moment, “he said. He claimed that China could successfully navigate the crisis. If the trade war continues six months at this level of rates, which would cut in a very important way in the China-US ratio, “Burns said. The rates will affect exporters and importers on both sides. ‘an Olympic diplomatic scale’. But what we can do is stay in touch with them and talk behind the scenes, “he said. This article was generated from an automated news agency feed without edit -in text. First published: 13 Apr 2025, 09:57 AM IST