On April 11, CNN reported that China might send air defense missiles to Iran. In response, President Trump quickly threatened a 50% tariff on any country selling weapons to Iran — and specifically named China. China has denied the report.
In his commentary, NG Chun-yu explains that tariffs are not paid by exporters but by importers and ultimately by American consumers. Looking back at the 2025 tariff war, U.S. tariff revenues rose, but the cost was borne by American companies and consumers — factory investment dropped, the trade deficit didn't shrink, and supply chains merely shifted from China to Vietnam and Mexico.
He emphasizes that no one wins a trade war; it's only a test of who can withstand more pressure. With its full manufacturing chain, abundant resources, and a market of 1.4 billion people, China holds a long-term advantage. Using tariffs as a political tool while ignoring basic economic rules is worrying — in the end, everyone pays the price.
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