In China, President Donald Trump is now being called “The Lord of Eternal Tariffs” due to the tariffs he has imposed on Beijing and other U.S. trading partners. This nickname has been embraced by state media and internet users in China, who find humor in Trump’s policy decisions.
The trade dispute between the world’s two largest economies has caused tension, with both sides unable to reach a deal on tariff levels. While China has taken a hard line stance and called for the U.S. to revoke all unilateral tariffs, Trump has suggested that talks have started. However, Chinese officials deny that any negotiations are taking place.
Chinese social media users have poked fun at Trump’s strongman aspirations and the idea of the U.S. reverting to a manufacturing-focused nation. Both China and the U.S. are looking for ways to minimize the impact of the tariffs on their economies, including exempting certain products from tariffs and promoting domestic sales of goods that may face export blockades.
Despite Beijing’s efforts to boost domestic consumption and support Chinese-made products, experts warn that Chinese exporters may struggle to make up for their losses. Some believe that many businesses may eventually shut down due to the ongoing trade dispute.
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