Stephen McDonnell

Well, it's still very early in the morning here in Beijing, but no doubt what the Chinese government will say is that, look, other countries shouldn't be expected to feel grateful just because Donald Trump eased up on some of the chaos that he's responsible for in the first place.

Well, it's still very early in the morning here in Beijing, but no doubt what the Chinese government will say is that, look, other countries shouldn't be expected to feel grateful just because Donald Trump eased up on some of the chaos that he's responsible for in the first place.

They'll also say that everything they've been saying to this point about the damaging nature of tariffs remains true today, perhaps even more so. For ordinary Chinese people, I think what they'll take from this is that Es ist wahrscheinlich, dass es an irgendeinem Punkt zwischen Beijing und Washington geschlossen wird. Nun, die Frage ist, woher der Trigger kommt.

They'll also say that everything they've been saying to this point about the damaging nature of tariffs remains true today, perhaps even more so. For ordinary Chinese people, I think what they'll take from this is that Es ist wahrscheinlich, dass es an irgendeinem Punkt zwischen Beijing und Washington geschlossen wird. Nun, die Frage ist, woher der Trigger kommt.

In der Zwischenzeit weiß Beijing, dass Donald Trump versuchen wird, sie zu wecken, um China als den schlechten Mann in diesem Szenario zu verleihen. Ich denke, sie versuchen wahrscheinlich, es auszuweichen, bis das passiert. while the pantomime, as they would see it, plays out in Washington, and then that eventually an off-ramp will present itself and they'll take it.

In der Zwischenzeit weiß Beijing, dass Donald Trump versuchen wird, sie zu wecken, um China als den schlechten Mann in diesem Szenario zu verleihen. Ich denke, sie versuchen wahrscheinlich, es auszuweichen, bis das passiert. while the pantomime, as they would see it, plays out in Washington, and then that eventually an off-ramp will present itself and they'll take it.

The tariffs going both ways now from China to the US are so high anyway, it kind of wouldn't matter how much you raise them, according to some analysts. It's already so damaging for any company that wants to trade either way. The pressure is already there. Obviously the damage is going to cut both ways and pressure is going to come to bear both ways.

The tariffs going both ways now from China to the US are so high anyway, it kind of wouldn't matter how much you raise them, according to some analysts. It's already so damaging for any company that wants to trade either way. The pressure is already there. Obviously the damage is going to cut both ways and pressure is going to come to bear both ways.

Beijing has argued that it can, like I say, it's been telling its own people that it can ride this out, just as I suppose Donald Trump is saying the same to his people.

Beijing has argued that it can, like I say, it's been telling its own people that it can ride this out, just as I suppose Donald Trump is saying the same to his people.

No sign at all that Beijing will be caving in following the threats from Donald Trump. I mean, it's funny, I saw those comments from him overnight and it did strike me as wishful thinking on his part if he just thought the Chinese government was going to turn on this so quickly, especially when they're accusing the US of blackmail. They've been ridiculing the whole idea of...

No sign at all that Beijing will be caving in following the threats from Donald Trump. I mean, it's funny, I saw those comments from him overnight and it did strike me as wishful thinking on his part if he just thought the Chinese government was going to turn on this so quickly, especially when they're accusing the US of blackmail. They've been ridiculing the whole idea of...

that the original Trump tariffs were reciprocal anyway, saying that this is the act of a bully. They're saying that if Donald Trump makes good on his latest threat, well, they've got their own countermeasures, which they'll reveal. So how it might play out over the next couple of days, well, as you mentioned, today's the deadline. China isn't backing down.

that the original Trump tariffs were reciprocal anyway, saying that this is the act of a bully. They're saying that if Donald Trump makes good on his latest threat, well, they've got their own countermeasures, which they'll reveal. So how it might play out over the next couple of days, well, as you mentioned, today's the deadline. China isn't backing down.

So we're going to see another 50% tariff placed on all Chinese goods going into the US. That brings it up to 104%. I mean, it's quite high. So then we're going to have some sort of countermeasures from China. These countermeasures obviously are going to hit... Any US companies that want to sell into the huge Chinese market hurt US consumers.

So we're going to see another 50% tariff placed on all Chinese goods going into the US. That brings it up to 104%. I mean, it's quite high. So then we're going to have some sort of countermeasures from China. These countermeasures obviously are going to hit... Any US companies that want to sell into the huge Chinese market hurt US consumers.

But also, you know, it's interesting to think of what they might be. There's a journalist from Xinhua here, Xinhua Wire Service, who on his private social media account has said he's been told that what it could include is... well, includes significant increases on US agricultural products, so soybeans and sorghum, a complete ban on the import of US poultry into China.

But also, you know, it's interesting to think of what they might be. There's a journalist from Xinhua here, Xinhua Wire Service, who on his private social media account has said he's been told that what it could include is... well, includes significant increases on US agricultural products, so soybeans and sorghum, a complete ban on the import of US poultry into China.

Now, all of that's going to hit straight into the Trump heartland. a suspension of Sino-US cooperation on fentanyl-related issues and a ban on the import of all US movies into China. So no sign it's going to slow down this trade war.

Now, all of that's going to hit straight into the Trump heartland. a suspension of Sino-US cooperation on fentanyl-related issues and a ban on the import of all US movies into China. So no sign it's going to slow down this trade war.