Chinese expert predicted US isolation due to Trump's foreign policy
U.S. President Donald Trump's aggressive approach to the country's foreign economic policy could lead the United States to isolation on the world stage. Li Yong, a senior researcher at the China International Trade Association, told the Global Times on Feb. 9.
"Trump's approach shows that it is based on the so-called 'America First' ideology. In practice, he is essentially isolating the US economy from the rest of the world," the expert said.
The newspaper also drew attention to the fact that Trump's announcement of new duties has already caused worldwide concern, including among the US' main trading partners. Some of them are already considering the introduction of mirror measures if the duties are indeed increased.
Subsequently, it became known that Trump confirmed - on Monday, February 10, will be introduced duties of 25% on imported steel and aluminum to the United States. He also said he would announce reciprocal duties "probably on Tuesday or Wednesday". Such duties will be imposed on products from countries that have previously imposed retaliatory restrictions on U.S. products.
On February 1, Trump signed an executive order imposing trade tariffs of 25% on goods from Canada, China and Mexico. Then he also promised to impose duties on goods from the EU. With this decision, Trump seeks to reduce the flow of the opioid fentanyl across the border, as well as the flow of migrants.
In response, the State Council of the People's Republic of China on February 4 reported that from February 10, China imposes duties of 15% on coal and liquefied natural gas (LNG) from the United States. In addition, it was noted that tariffs of 10% will be imposed on U.S. oil, multi-cylinder cars, pickup trucks and agricultural machinery.
Reuters reported on February 6 that retaliatory Chinese duties against the United States could lead to a reduction in U.S. oil exports in 2025 for the first time since the COVID-19 pandemic began.
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