U.S. President Donald Trump has announced a 10% tariff on Chinese imports, citing fentanyl trafficking, escalating trade tensions between the two nations. In response, China reaffirmed its commitment to cooperation and economic stability, highlighting its past efforts in drug control and urging the U.S. to avoid actions that could harm bilateral progress. Despite the threats, China remains resilient, with reduced reliance on the U.S. market and a strategic focus on expanding into new industries and markets.
BRICS bridge- On January 21st, U.S. President Donald Trump announced plans to impose an additional 10% tariff on Chinese imports, citing concerns over fentanyl trafficking. This move, which could further escalate trade tensions between the two economic giants, immediately drew a response from China. Beijing, rejecting the notion of a trade war, reiterated that cooperation and constructive engagement are the only pathways to mutual prosperity. China also reminded the public that it was the first country to impose a complete ban on fentanyl-related substances back in 2019.
During a press briefing on January 22nd, Chinese Foreign Ministry spokesperson Mao Ning reaffirmed China’s commitment to safeguarding national interests and promoting global economic stability. She urged the U.S. to respect the progress made in bilateral relations and avoid actions that could jeopardize the positive outcomes achieved through cooperation. Mao also emphasized China’s readiness to continue working with the U.S. on drug control initiatives based on mutual respect and equality.
Despite the looming threat of new tariffs, China’s economic resilience remains steadfast. Analysts highlight that China’s reliance on the U.S. market has significantly diminished, with exports to the U.S. now accounting for only 2.8% of its GDP. This indicates that the impact of the proposed tariffs may be less severe than anticipated. Moreover, China’s strategic focus on expanding into new markets and strengthening key industries such as green energy and advanced manufacturing demonstrates its commitment to sustainable growth and economic self-reliance.