The latest developments in the Sino-US trade war: After China refused to buy Boeing, the United States was anxious?
Recently, the Sino-US trade war has a new plot! No sooner had China announced a moratorium on Boeing purchases than the Trump administration roared to raise tariffs on China to 245% less than 24 hours. This wave of operations was ridiculed by netizens as a "numbers game", and even the American media couldn't stand it, calling it "self-inflicted humiliation." 1. The game behind Boeing's "blackout". Chinese airlines suddenly announced that they would suspend the reception of Boeing planes and spare parts, which directly panicked the United States. You must know that Boeing can earn tens of billions of dollars a year in the Chinese market, and this supply cut is equivalent to "cutting off the financial route" for Boeing. Trump posted three updates on social media, using three exclamation points to express his anger and even calling out China for "breaking the agreement." But China's move was not sudden: Countermeasures and escalation: Previously, the United States imposed tariffs on Chinese semiconductors and electric vehicles, and China directly targeted the high-end manufacturing industry in the United States this time Quality hazards: Boeing has had frequent accidents in recent years, and last year's Alaska Airlines 737MAX9 door falling off shocked the world, exposing the lack of a "safety culture". Domestic substitution: 10 large C919 aircraft have been delivered in China, with more than 1,000 orders on order, and the global market share is expected to reach 15% by 2030 II. The "Magical Reality" of the 245% Tariff The "highest tariff in history" announced by the White House on the 16th was criticized by economists as a "political show": Math game: The 245% tax rate is a tax rate that is superimposed on Section 301 (25%), the Inflation Reduction Act (100%), and so on Market suicide: U.S. importers simply can't afford such high tax rates and eventually choose to abandon Chinese goods Backlash: The U.S. Chamber of Commerce estimates that this will cost U.S. consumers an extra $80 billion a year and prices rise by another 5% Even more ironically, a "peasant uprising" is taking place in the U.S. agricultural states: Soybean prices plummeted from $17/bushel to $10, and Kentucky farmer La Grande publicly shouted: "We're borrowing money to farm, begging the president to stop" 500,000 soybean farmers across the United States jointly signed a letter, warning that "if the fight continues, the farm will go bankrupt" 3. Expert: This is the United States' "poor donkey skills" Chinese Foreign Ministry spokesman Lin Jian responded: "There is no winner in the tariff war, and China is unwilling to fight but is not afraid to fight. Analysis of international think tanks: Strategic miscalculation: The United States thought that China would make concessions in high-end industries, but it did not expect that China's countermeasures would be more precise Hollowing out industry: With 3 million manufacturing jobs lost in the U.S., the U.S. simply can't afford supply chain disruptions Centrifugal allies: The European Union, ASEAN and other countries have expressed their opposition to unilateral tariffs, and German automakers have shifted their electric vehicle production capacity to China Dalio, founder of Bridgewater, warned: "This kind of tariff policy could put the United States in a worse situation than a recession." According to China's Ministry of Commerce, China's exports to Belt and Road countries increased by 21% in the first quarter of 2025, successfully hedging the decline in the U.S. market. 4. What should ordinary people care about? Overseas Taoists: Prices of health care products and maternal and child products in the United States may rise by 30% Shareholders: Boeing's share price has fallen 28% this year, and the A-share domestic aircraft sector has risen against the trend Job seekers: Semiconductors, new energy and other industries will usher in more job opportunities But experts point out that China's economy is much more resilient than expected: Domestic demand contributes 82% to GDP, making it the second largest consumer market in the world Investment in high-tech manufacturing will increase by 14.6% in 2024, and new momentum will continue to develop In the first quarter, the number of China-Europe freight trains increased by 32% year-on-year, and the logistics channel was smooth The essence of this trade game is a contest between two development models. While the United States is still playing the "tariff numbers game", China has reconstructed the global industrial chain through RCEP and BRICS expansion. As an expert from the Research Institute of the Ministry of Commerce said: "The general trend of globalization is irreversible, and whoever goes against the trend will eventually be abandoned by history."
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The latest developments in the Sino-US trade war: After China refused to buy Boeing, the United States was anxious?
Recently, the Sino-US trade war has a new plot! No sooner had China announced a moratorium on Boeing purchases than the Trump administration roared to raise tariffs on China to 245% less than 24 hours. This wave of operations was ridiculed by netizens as a "numbers game", and even the American media couldn't stand it, calling it "self-inflicted humiliation."
1. The game behind Boeing's "blackout".
Chinese airlines suddenly announced that they would suspend the reception of Boeing planes and spare parts, which directly panicked the United States. You must know that Boeing can earn tens of billions of dollars a year in the Chinese market, and this supply cut is equivalent to "cutting off the financial route" for Boeing. Trump posted three updates on social media, using three exclamation points to express his anger and even calling out China for "breaking the agreement."
But China's move was not sudden:
Countermeasures and escalation: Previously, the United States imposed tariffs on Chinese semiconductors and electric vehicles, and China directly targeted the high-end manufacturing industry in the United States this time
Quality hazards: Boeing has had frequent accidents in recent years, and last year's Alaska Airlines 737MAX9 door falling off shocked the world, exposing the lack of a "safety culture".
Domestic substitution: 10 large C919 aircraft have been delivered in China, with more than 1,000 orders on order, and the global market share is expected to reach 15% by 2030
II. The "Magical Reality" of the 245% Tariff
The "highest tariff in history" announced by the White House on the 16th was criticized by economists as a "political show":
Math game: The 245% tax rate is a tax rate that is superimposed on Section 301 (25%), the Inflation Reduction Act (100%), and so on
Market suicide: U.S. importers simply can't afford such high tax rates and eventually choose to abandon Chinese goods
Backlash: The U.S. Chamber of Commerce estimates that this will cost U.S. consumers an extra $80 billion a year and prices rise by another 5%
Even more ironically, a "peasant uprising" is taking place in the U.S. agricultural states:
Soybean prices plummeted from $17/bushel to $10, and Kentucky farmer La Grande publicly shouted: "We're borrowing money to farm, begging the president to stop"
500,000 soybean farmers across the United States jointly signed a letter, warning that "if the fight continues, the farm will go bankrupt"
3. Expert: This is the United States' "poor donkey skills"
Chinese Foreign Ministry spokesman Lin Jian responded: "There is no winner in the tariff war, and China is unwilling to fight but is not afraid to fight. Analysis of international think tanks:
Strategic miscalculation: The United States thought that China would make concessions in high-end industries, but it did not expect that China's countermeasures would be more precise
Hollowing out industry: With 3 million manufacturing jobs lost in the U.S., the U.S. simply can't afford supply chain disruptions
Centrifugal allies: The European Union, ASEAN and other countries have expressed their opposition to unilateral tariffs, and German automakers have shifted their electric vehicle production capacity to China
Dalio, founder of Bridgewater, warned: "This kind of tariff policy could put the United States in a worse situation than a recession." According to China's Ministry of Commerce, China's exports to Belt and Road countries increased by 21% in the first quarter of 2025, successfully hedging the decline in the U.S. market.
4. What should ordinary people care about?
Overseas Taoists: Prices of health care products and maternal and child products in the United States may rise by 30%
Shareholders: Boeing's share price has fallen 28% this year, and the A-share domestic aircraft sector has risen against the trend
Job seekers: Semiconductors, new energy and other industries will usher in more job opportunities
But experts point out that China's economy is much more resilient than expected:
Domestic demand contributes 82% to GDP, making it the second largest consumer market in the world
Investment in high-tech manufacturing will increase by 14.6% in 2024, and new momentum will continue to develop
In the first quarter, the number of China-Europe freight trains increased by 32% year-on-year, and the logistics channel was smooth
The essence of this trade game is a contest between two development models. While the United States is still playing the "tariff numbers game", China has reconstructed the global industrial chain through RCEP and BRICS expansion. As an expert from the Research Institute of the Ministry of Commerce said: "The general trend of globalization is irreversible, and whoever goes against the trend will eventually be abandoned by history."