Officials Texas Tech Red Raiders 2026 Road To The Orange Bowl Game Champions Shirt
“The way this ends well is if other countries reduce tariffs and the US pulls back its own tariffs,” says Neil Saunders, managing director of retail at Globaldata. “We could then end up with a more free system. But this looks a long way off and it might not even be the ultimate agenda.” The impact of China’s hardline response isn’t limited to retaliatory tariffs. China’s reaction to fast fashion retailer Shein’s bid to diversify its supply chain is also indicative of its intended efforts to bolster its local agenda. China’s Ministry of Commerce has reportedly reached out to Shein and other companies to advise against expanding their sourcing, per Bloomberg. No longer able to rely on the de minimus loophole that enabled it to skip import taxes and customs inspections on shipments valued at $800 or less, for Shein to be limited to China could decimate its low-cost advantage.Officials Texas Tech Red Raiders 2026 Road To The Orange Bowl Game Champions Shirt
The still-pending TikTok deal is also illustrative of China’s resistance to US measures. When Trump announced another ban delay on 4 April, he wrote that he understands China is unhappy about the tariffs. “This proves that tariffs are the most powerful economic tool,” he wrote, adding: “We do not want TikTok to ‘go dark’. We look forward to working with TikTok and China to close the deal.” Experts aren’t so sure on the efficiency of these types of bargaining chips. “China will use all tools it can to strengthen its position,” Saunders says. “This now goes beyond simple trade and there might be other fallout including on the treatment of US companies or restrictions on doing business within the country.”
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