The Chinese Communist Party’s Economic Committee convened an emergency session today to draft retaliatory measures following former President Donald Trump’s campaign pledge to impose 60% universal tariffs on Chinese imports if reelected. This escalation threatens to reignite the trade war that cost the global economy an estimated $1.7 trillion during Trump’s first administration.

Beijing’s Strategic Response Plan:

1. Immediate Counter-Tariffs (Effective Upon US Implementation)

   • 300% duties on US agricultural products (soybeans, pork, dairy)

   • 150% surcharge on Boeing aircraft orders

   • Luxury goods tax hike on American brands (Apple, Tesla, Nike)

2. Non-Tariff Measures

   • Export controls on 17 rare earth minerals critical for defense tech

   • Yuan devaluation protocol (target: 7.5/USD)

   • Accelerated “dual circulation” domestic market reforms

Sector-Specific Impacts:

Global Fallout Projections:

• IMF warns of 1.2% global GDP contraction risk

• WTO emergency session called for May 20

• EU preparing “third way” trade protections

Expert Commentary:
“China’s playbook has evolved since 2019,” notes CSIS senior adviser Scott Kennedy. “They’ll weaponize green tech supply chains while insulating domestic consumers through state reserves.”