讀後心得

Trump announced a new tariff of 34% on Chinese goods, bringing the total tax rate to 54%. In response, China will impose a 34% import tariff on all American products starting from April 10. Beijing also further tightened restrictions on rare earths and condemned the tax actions of the U.S. Observers believe that American farmers will be significantly affected, especially due to a decrease in the export competitiveness of soybeans and agricultural products. China controls most of the rare earth resources, and its actions may further challenge the U.S. semiconductor industry. Experts point out that if the U.S. does not strengthen support for domestic manufacturing, it will be at a disadvantage in the U.S.-China trade friction.

Trump announced a new 34% tariff on Chinese goods, bringing this year's additional tariff rate to 54%. Subsequently, Beijing announced on April 4 that it would impose a 34% import tariff on all American products starting April 10, in order to match the "equivalent tariff" rate set by Trump. At the same time, Beijing also implemented several other measures, including stricter regulations on rare earths.

A technology policy consulting firm pointed out that China has typically employed a "mirror response" targeting specific industries in response to U.S. export restrictions. However, the broader plan announced by Beijing this time serves as a "significant warning" to the Trump administration, urging it to suspend further measures. Chinese state media stated that the equivalent tariffs imposed by the U.S. "violate fundamental economic laws and market principles," and are "unilateralism, protectionism, and economic bullying," which will ultimately backfire.

• According to data from the U.S. Department of Commerce, U.S. exports to China in 2024 amounted to $144.6 billion, far less than the $439.7 billion it imported from China.
• Key industries involved include electrical and electronic equipment, various energy fuels, as well as oilseeds and grains.
• American farmers will face enormous pressure, as the additional tariffs from Beijing could make U.S. agricultural exports to China too expensive and lose competitiveness.

Following the tariff announcement, soybean prices saw a decline. In 2024, China also imported $14.7 billion worth of various fuels and oil from the U.S., which could impact the oil and gas industry in places like Texas. Additionally, U.S. semiconductor export volumes have decreased due to the expanding export controls on advanced technologies.

China's export restrictions on rare earth elements and the inclusion of several U.S. companies on the trade sanctions list may impact future industries such as semiconductor manufacturing, magnets, optical devices, and laser technology.

As the U.S. and China continue to adopt new measures in their confrontations, this news serves as a reminder that if the U.S. does not increase financial support for domestic manufacturing, it will be at a disadvantage when facing China's relevant controls.

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