US-China Relations
How did China respond to Japan's decision to allow Taiwanese individuals to list Taiwan as their place of origin in family registries?
China responded firmly to Japan's policy change by urging Japan to abide by the One China principle. The Chinese Foreign Ministry spokesperson explicitly warned Japan against using 'gimmicks' on the Taiwan question and cautioned the Japanese government not to send any conflicting or wrong signals regarding Taiwan's status. This response reflects China's consistent position that Taiwan is an inseparable part of Chinese territory and demonstrates Beijing's sensitivity to any actions that might imply recognition of Taiwan as a separate entity from China.
Watch clip answer (00:13m)How have US and EU tariffs impacted Chinese electric vehicle exports?
Under the Biden administration, the US increased tariffs on Chinese EVs to 100%, while President Trump recently announced an additional 10% levy on Chinese goods. These actions create significant barriers for Chinese electric vehicle manufacturers seeking to enter the American market. Similarly, after investigating subsidization in China's automotive industry, the European Union imposed taxes of up to 35% on Chinese EVs. These combined trade measures from major Western economies represent substantial challenges for Chinese EV manufacturers like Zeekr, forcing them to reconsider their export strategies and potentially focus on alternative markets in regions like Australia and Southeast Asia.
Watch clip answer (00:24m)How have exports affected China's economy despite challenges?
Despite various challenges, exports have emerged as a bright spot for China's economy recently. This positive performance has been bolstered by a strategic approach of deliberately reducing dependence on the US Market. As Jessica Washington reports, this export-driven growth has allowed China to maintain economic momentum even as it faces trade tensions and tariffs, particularly in sectors like electric vehicles. By diversifying its international customer base and targeting markets in regions like Australia, Singapore, Malaysia, and the Middle East, China has created a more resilient export economy.
Watch clip answer (00:08m)What is Zeekr's strategy for international markets in the current year?
Zeekr's current year strategy is to focus on markets they have already entered rather than rapid expansion into new territories. The company recognizes that building a positive customer experience requires significant resources and patience, making this a deliberate approach to international growth. This strategy aligns with China's broader economic approach of reducing reliance on the US market, as exports have been a bright spot for China's economy recently. Despite challenges like US tariffs and EU investigations mentioned in the context, Zeekr is prioritizing quality customer experiences in established markets before further expansion.
Watch clip answer (00:21m)What tariffs have been imposed on Chinese electric vehicles by the US and EU?
Under former President Joe Biden, the US increased tariffs on Chinese EVs to 100%, with President Donald Trump later announcing an additional 10% levy on Chinese goods. These significant tariff increases have created substantial barriers for Chinese electric vehicles entering the American market. Meanwhile, after investigating subsidization in China's automotive industry, the European Union imposed taxes of up to 35% on Chinese EVs. These coordinated trade measures by major Western economies reflect growing concerns about China's manufacturing advantages and represent attempts to protect domestic automotive industries while regulating global EV market competition.
Watch clip answer (00:24m)What role will Howard Lutnick play as the newly confirmed Commerce Secretary?
As Commerce Secretary, Howard Lutnick will play a crucial role implementing Trump's America First trade agenda, which relies heavily on tariffs as a negotiation tool. Confirmed by a Senate vote of 54-45, the Wall Street billionaire will oversee the Commerce Department, which advocates for US businesses and restricts technology exports to adversaries like China and Russia. Lutnick will also manage a significant $53 billion program supporting the U.S. chipmaking sector. Working closely with the U.S. Trade Representative, he'll be instrumental in implementing policies aimed at strengthening American exports and using tariffs strategically to promote fair trade relations.
Watch clip answer (00:42m)