Name: China Tariffs Response: Officials Weigh Stimulus to Counter Trump Measures
Uploaded: 2025-04-08T02:55:55.000Z
Duration: 4 min 44 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of degree

China this time hit back quite fast and strong, imposing the same 34% tariff rate on all China US products entering the country.

And on top of that, it also put seven more rare earth minerals into its export control list.

Basic passive voice

So those minerals are used in all sorts of high-tech applications including in the defense sector.

So China this time around really showed that it will we wanted to match the US strength in imposing these tariffs and other trade measures.

Brendan, I was surprised, I mean, the president definitely doubled down, right, yesterday.

And we, you know, I would have thought that with the global market route that we saw on Friday and actually, I think the markets lost some $5 trillion last week, he would he would kind of pause, but yesterday he basically said stop thinking about the markets for two hot seconds.

Exactly, and he had his, uh, you know, his top economic officials out, uh, you know, saying the same thing basically.

I think, you know, we heard President Trump, uh, many times say that trade wars are good and easy to win.

And I think what we're seeing, uh, from the financial markets perspective is trade wars are hard and they aren't easy to win.

China, uh, as Alan mentioned, hit back, uh, at those rare earth minerals, that will really hurt American companies that are, uh, you know, making batteries and and high-tech medical devices.

Uh, that that will really, uh, leave a mark on on on the innovative side of the economy.

And we'll have to see what Europe does now, does does Europe throw fuel on the fire or do they do they let this burn it on its own?

Alan, how much more aggressive can China be, and actually, if if you look at the Chinese market reaction today, what does it tell us?

Well, the Chinese market reaction tell us that people are panic selling.

Uh, in terms of China's counter measures to US measures, I think that's about it for now.

But, uh, the tariffs haven't kicked in yet.

So there's still room for either side to do more or pull back.

Um, it's note noteworthy that China has already imposed those tariffs on all US imports.

And, uh, based on the current tariffs already announced, that our economists expect trade between the two countries to basically, uh, slow to a halt.

Um, so what more can China do in this regard?

Uh, it remains to be seen, but what we've also seen from China is that they've signal to the domestic audience that, uh, is digging in, uh, in a front page edit, uh, editorial in the People's Daily, uh, party mouthpiece, uh, China said that, uh, don't panic and, uh, we've got your back.

Basically promising to, uh, support the domestic economy by stimulating consumption.

It also floated, uh, previously, uh, mentioned measures such as cutting rates and lowering the reserve requirements for banks to support lending.

All those measures, uh, they are more likely now because of the market reaction.

Yeah, interesting, and Brendan, I was also having conversation with Van Buis of UBS and I mean, the you, you know, China can't change their business model on a dime.

So all of if they can't export to the US, they'll probably export to other countries and then they will be tariffed more from the US.

Yeah, absolutely, and I think you can see, uh, President Xi Jinping, uh, reaching out to to countries in South Asia, uh, to try to to try to shore up some of those relationships.

Countries like Vietnam, uh, Malaysia, where where the US, uh, the higher tariffs kick in on Wednesday.

And as Alan mentioned, there's a very short window, uh, for that to happen.

So we'll have to see if if another day of a punishing market response, uh, turns the turns the attitude in the White House.

We heard Elon Musk over the weekend talking about a free trade, uh, zone between the US and Europe.

So perhaps, uh, some of those voices, uh, will get louder and louder and, uh, and and somehow stop those tariffs, uh, from taking effect.

Uh, but it doesn't look like it at the moment.

Brendan, I mean, do you have a good understanding because I've been glued, you know, all weekend with the equation and of course there are memes and it's quite funny that the penguins got tariffs and like tax, but at the end of the day, who does President Trump listen to?

Is it just himself because he's held this belief for a long time?

It sounds like the sort of more hawkish wing of of the the economic team that he's that he's listening to, Howard Lutnick, uh, Scott Bessent, you know, he was also on the airwaves yesterday.

I look at the end of the day, uh, litigation liberation day is going to turn into litigation day.

The courts are really only the only thing that look like they have a chance of stopping this, uh, a challenge to the uh companies will challenge the authority that he's used, uh, to impose these tariffs.

And, you know, that we could see a whole new kind of fight, uh, through the courts.