Space News from SpaceDaily.com
Ordinary Chinese stoic in the face of escalating US trade war
ADVERTISEMENT


Shanghai, Feb 4 (AFP) Feb 04, 2025
After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.

The tariffs on US energy, vehicles and equipment were unveiled minutes after additional levies on Chinese goods announced Saturday by US President Donald Trump came into effect.

Tariffs on a wider range of goods were announced by Chinese authorities on Tuesday.

Trump's move was the latest in a trade confrontation between the global superpowers that started eight years ago, in his first term.

Out for a stroll on the last day of China's Lunar New Year holiday, many who talked to AFP seemed largely unfazed by the news.

"Now with the regular trade war, such as the restrictions on semiconductors, I think it is good (for China)," said a 48-year-old man surnamed Nian.

"We will be autonomous -- we will be better," he said, using the example of Chinese AI firm DeepSeek, which made headlines recently with a chatbot which can match its American competitors seemingly at a fraction of the cost.

US export controls on high-tech chips may have inadvertently fuelled its success, analysts have said, spurring the firm to develop clever ways to overcome them.

Nian said that the Chinese economy could weather the stormy relationship with Washington.


- 'Lives basically unaffected' -


"People's lives are basically unaffected, and the domestic demand of so many people (in China) is completely enough," he said.

The government has been trying to boost domestic consumption, which has remained stubbornly sluggish post-Covid, dragging on growth.

Staring across the similarly slow-moving grey waters of the Huangpu river, 36-year-old Zhou said he thought most Chinese were nevertheless "relatively confident" about the economy long-term.

But "when there is this type of trade war... the most fundamental harm is actually to the interests of normal people", he warned, gesturing to his iPhone as an example of a product he said could be affected eventually.

He said he harboured no ill will towards Trump, seeing the confrontation between the world's two largest economies as "healthy competition".

"The leaders of every country are just defending their own interests," he told AFP.

Sitting beside her livestreaming equipment on a bench, 42-year-old Karen Zhang said she was concerned tariffs would have an impact on life for those living in China's big international cities.

However, she said Beijing was right to retaliate.

"I think overall this is definitely not a good thing, but China also has no choice," she said.

"The United States has been carrying out some very severe measures and policies against China. So China has to fight back... we can't let them casually bully us," she said.

Her view was echoed by Nian.

"I think we should take countermeasures," he said. "We should be a bit more ruthless."


ADVERTISEMENT





Space News from SpaceDaily.com
Meteor collision shakes Mars recorded by InSight
Scientists measure Earth's cosmic detectability
Space experiment aims to reveal hidden cosmic mass

24/7 Energy News Coverage
Robots Enhance Sewer Inspection and Maintenance with AI
Role of barrier films in maintaining the stability of perovskite solar cells
Zero Emissions Process for Truly Biodegradable Plastics Developed

Military Space News, Nuclear Weapons, Missile Defense
EUSPA unveils integrated GNSS and secure SATCOM user technology update
Trump trade threats overshadow European defence meet
U.S., local officials say 'no specific credible' terror threats exist for upcoming Super Bowl

24/7 News Coverage
NASA radar imagery highlights expanding landslide activity in Los Angeles
GHGSAT Selected as Copernicus Contributing Mission by ESA and EU
Asteroid Bennu comes from a long-lost salty world with ingredients for life



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.