Source: Foundation for Economic Education
by Agustina Sosa
“While President Donald Trump continues to expand and contract his tariff policy, taking his allies on a political-economic roller coaster, China seems unfazed by this frenzy that is challenging the world order. In response to the US imposing new tariffs on goods of Chinese origin, China initially responded with a similar strategy. Beijing retaliated with a 34% increase on American products such as fruits, automobile components, and essential materials for technological manufacturing. … However, this time around, the Chinese regime also launched an offensive in the most subtle way imaginable: targeting the market for American and European luxury brands through viral TikTok campaigns. … in just one move on the great chessboard of global trade, China has placed both Trump’s strategy and one of the world’s most lucrative markets in check.” (05/28/25)
https://fee.org/articles/screaming-luxury-chinas-strategy-against-trumps-tariffs/