The crisis of China's imports from the United States: The dual effects of retaliatory tariffs are hard to predict.
- byVic

讀後心得
The General Administration of Customs of China announced that, following U.S. President Donald Trump's imposition of a 34% tariff on Chinese goods, they would impose the same tariff on all American products. Reports indicate that while this move could impact U.S. exports to China, China's import amounts from the U.S. are far lower than its exports to the U.S., with major imported goods including food and semiconductors. China's retaliatory tariffs may impact the U.S. agriculture and energy sectors, but the likelihood of U.S. exporters seeking to shift to other markets remains uncertain, and the effects on unemployment are also difficult to predict.
The General Administration of Customs of China recently announced that in response to the United States imposing a 34% tariff on Chinese goods, it will impose the same 34% tariff on all American goods. Reports indicate that although this measure may affect U.S. exports to China, the amount of imports China receives from the U.S. is far lower than its exports to the U.S., with primary imported goods being food, energy, parts, and semiconductors. As prices for these products rise, it remains to be seen who will suffer greater damage.
According to data, in 2024, U.S. exports to China are estimated to be about $144 billion, while China's exports to the U.S. are close to $439 billion. The U.S. International Trade Administration notes that major products exported from the U.S. to China include grains, oilseeds, oil, and natural gas, with these exports significantly exceeding imports. Notably, China is one of the main markets for U.S. soybeans.
Data from the U.S.-China Trade National Committee indicates that the major export products from the U.S. to China also include semiconductors, oil and natural gas, chemicals, and industrial machinery. As the U.S. government has long sought to curb China's development in advanced chip technology, the semiconductor issue has become a key point of international tension.
China's retaliatory tariffs could impact U.S. corn-producing areas, such as Illinois and Minnesota, as well as wheat-producing regions like North Dakota and Kansas. Meanwhile, the oil and gas industries in Texas, New Mexico, and Colorado, as well as factories in the aerospace manufacturing sector, may also be affected.
Reports indicate that U.S. exporters may try to shift to other markets, but the impact on consumers remains unclear, and changes in unemployment rates could become significant with the full implementation of tariffs.