Hong Kong -In this week, the drum knocking ended all over China designed to get rid of evil spirits in centuries -old tradition, as Chinese greeting is welcomed Lunar New Year. This year, the New Year is hoping for prosperity, as China is detained by Trump 2.0.
“China hopes for the best and is preparing for the worst,” said Dr. Henry van, adviser to the Chinese government and the founder and president of the Chinese Center and globalization, CBS News said. He said the officials in Beijing were deeply concerned about President Trump's rhetoric on the company's way.
Mr. Trump threatenedBefore he enters the post to impose up to 60% on all Chinese imports.
This has not passed, but tariffs of 10% on all Chinese goods exported to the US will start on Saturday – and Mr. Trump said it could just be a warning. In an interview last week, he called tariffs in America “one very big power over China.”
Xie Huanchi/Xinhua/Getty
But Mr. Trump could deal with a completely different economic competitor than the last time he called the White House house.
Analysts say For example, electric cars And the production of batteries that pour in EV and many other consumer devices, as well as drones and solar panels.
“You see the absolute epic boom in industry because reality is that today China is probably Louis-Vincent gave told CBS News. He said the second largest economy in the world is now better isolated for a trade war with the US.
Gave also said extraordinary news that the Chinese AI Deepseek's company complied with.
“The idea we are going to win the technological war with China for 10-20 years, when all the children studying in technology today, the Chinese,” said, “it's madness.”
Representatives of Trump administration, legislators and cybersecurity experts have voice concerns that Deepseek technology can create a threat of national security In the US
Nobody at the company's offices in China is ready to talk to CBS News.
Despite the fact that China looks less vulnerable to us strong weapons than during Mr. Trump's first term, steep new tariffs will hurt, Wall Street analysts said.
Paul Ashworth, Chief Economist of North America in the Capital Economics, said in the investor report that the US made only 7% of exports to China. This would give Beijing a smaller volume to avenge what either Canada or Mexico, Mr. Trump threatened 25% of the tariffs since February 1, and which are more important markets for US exporters.
The US trade war will also come when China faces slowdown in economic growth, exerting additional pressure on Chinese leaders.
Meanwhile, Chinese citizens are hoping for warmer relations with the US, but no one is under illusions.
Asked if she believed that Mr. Trump would work with China, a young woman on the ferry between the mainland, and Hong Kong told CBS News that the American leader seemed to attach “great importance on his own interests.”
Because prayers are offered all over Asia for the year of snake, many people in China know what it is about.
Wang, Chinese Government Advisor, said that if the two world economic power plants do not work their differences, “I think it will be very devastating for the world, not just the US and China. The world does not want to need to pick up the parties “.
He contributed to this report.
