The threat of tariffs is hard to be implemented, and the existing barriers have already shown their impact

Previously, during the tariff negotiations between China and the United States, both sides reached an arrangement to extend the mutual exemption of tariffs for 90 days, which temporarily relieved many textile industry practitioners. But recently, Trump has brought up a new topic of trade controversy.

On August 25th, US President Trump once again made a tough trade statement towards China at the White House, claiming that if China does not supply rare earth magnets to the United States, he will impose tariffs of up to 200% on China. This statement soon sparked widespread discussion in international public opinion and also pushed the trade game between China and the United States over rare earths to a new height.

In response to this situation, Foreign Ministry Spokesperson Guo Jiakun said at a press conference on August 26 that China has repeatedly clarified its position on issues related to tariffs. Judging from the statements made at previous Foreign Ministry press conferences on the issue of tariffs, China's stance has always been clear: If we want to fight, we will stand by to the end. If one wants to talk, the door is always open.

Will that 200% tariff really take effect? The possibility is actually very small. The US has previously imposed additional tariffs and later extended the mutual exemption of tariffs for 90 days. This is not because the US does not want to raise taxes on China, but because China's position in the global supply chain is currently irreplaceable. Moreover, American goods also need the Chinese market. These factors have forced the US to make compromises.

Trump's threat of a 200% tariff this time is more because China's policy of restricting rare earth exports has indeed impacted many industries in the United States. It's just a harsh statement. After many similar incidents, both the Chinese and American people have gradually come to understand that such harsh words have little practical significance. Therefore, textile practitioners need not worry too much that the 200% tariff will really be implemented. However, even if a 200% tariff is unlikely to materialize, the existing tariffs have already had a considerable impact on textile exports to the United States.

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