Hong Kong – The hammering of the drums sounded through China this week, intended to remove evil spirits in a secular tradition while the Chinese welcome the Lunar New Year. This year, New Year’s hopes for prosperity are even more important, because China is based for Trump 2.0.
“China hopes the best and is preparing for the worst,” the government of the Chinese government and the founder of the Center for China and Globalization in CBS News. He said that Beijing officials were deeply concerned about President Trump’s rhetoric on the campaign track.
Mr. Trump threatBefore taking office, to impose prices of up to 60% at all Chinese imports.
This has not happened, but 10% prices on all Chinese products exported to the United States should come into play on Saturday – and Trump said it could be just a warning. In an interview last week, he described the prices of “One Big Power on China” in America.
Xie Huanchi / Xinhua / Getty
But Trump could face an economic competitor very different from what he was the last time he called the White House.
Analysts say that China is now less depends on the United States and much more economically self-sufficient, dominating key industries like electric vehicles And the manufacture of batteries that feed electric vehicles and so many other consumption devices, as well as drones and solar panels.
“You see an absolute epic boom in industry, because reality is that China today is probably more productive than any economy has never been”, research analyst Louis-Vincent gave told CBS News. He said the second world economy is now better isolated for a trade war with the United States.
Also said the superb news that Chinese AI Deepseek has equaledIf they are not overwhelmed, American AI models have been used to emphasize the fact that China should no longer be underestimated.
“The idea that we are going to win a technological war with China over 10 to 20 years old, when all the children trained today in technology are Chinese,” said madness “.
Managers of the Trump administration, legislators and cybersecurity experts are concerned with Deepseek technology could represent a national security threat in the United States
No one in the company’s offices in China has been willing to speak with CBS News.
Although China seems to be less vulnerable to American solid weapons than during Mr. Trump’s first term, new steep prices would harm, Wall Street analysts said.
Paul Ashworth, chief economist from North America to Capital Economics, noted in a relationship with investors that the United States represents only 7% of exports to China. This would give Beijing less to retaliate than Canada or Mexico, that Trump threatened 25% of prices from February 1 and which are larger markets for American exporters.
A trade war with the United States would also come when China is faced with slowing down economic growth, exerting additional pressure on Chinese leaders.
Chinese citizens, on the other hand, hope for warmer relations with the United States, but no one has illusions.
When asked if she thought that Trump would work with China, a young woman on the ferry between the continent and Hong Kong told CBS News that the American chief seemed to put “great importance to his own interests” .
As prayers are offered through Asia for the year of the snake, many people in China know what is at stake.
Wang, the Chinese government councilor, said that if the two global economic powers were unable to develop their differences, “I think it will be very devastating for the world, not just the United States and China. The world Don’t want to have sides. “
Alain Sherter contributed to this report.
Anna Coren
