A “tsunami” of $ 1.9 billion addresses the American industry, and comes from China.
The communist country of 1.3 billion people has changed so much effective to expand its factories in just four years in an effort to exaggerate manufacturers around the world with an influx of cheap products.
The 125% rate of President Trump over all Chinese imports in the US, which announced Wednesday when he stopped tariff taxes in most other countries, is actually only the last measure of protection against China.
The European Union, Brazil, Mexico and Thailand have imposed new rates in recent months, or are considering such measures to protect their own Chinese import industries.
“The Tsunami comes for everyone,” said Katherine Tai, commercial representative of former President Joe Biden, to New York Times.
In the last four years, China has extracted money from financing housing construction and having put it in building factories, with banks controlled by the State that give industrial borrowers almost $ 2 billion in additional financing, according to new data from the Central Bank of China, obtained by The Times.
China is building new factories without stopping and equipping Oldes with the latest technology, producing car products to fertilizer phones at an unprecedented rate, and all the Fastingign coasts.
The Times reported that China will surpass Germany with the world’s largest car factory. The Chinese car manufacturer Byd is building not one, but two plants that are larger than the current record holder in Wolfsburg, Germany.
Chinese exports in general increased 13% in 2023 and 17% in 2024. Exports represent approximately 20% of the country’s GDP.
Meanwhile, US exports, which were higher than ever ten years ago, are collapsed. Exports only represent 11% of the US GDP, below 13.6% in 2012.
American exports to China in particular fell almost 3% last year, to a total of $ 144 billion, cord about the United States commercial representative office.
The Widend also commercial deficit, reaching $ 295 billion.
China imports, however, reached almost $ 440 billion at 3% year after year after falling dramatically in 2023.
To compete with China’s manufacturing giant, many countries are already building their own large walls. Last year, Brazil raised tariffs on Chinese metal and fiber optic cable exports. The EU raised tariffs on Chinese EVs to 45.3% to protect their own automotive industry.
Earlier this year, Mexico proposes to coincide with US tariffs with China. And Thailand proposes amending its free trade zones to impose a duty of 7% on the low value of China
Trump’s unprecedented rate on Chinese products could protect the United States of the next wave.
Even in cars, for example, have already prevented cheap Chinese electric vehicles from decimating the US automotive industry.
But it is too late for some local manufacturers. Chinese imports to Thailand have captivated manufacturers in that country to lunch at 50%, Asean Briefing reported last year.
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