China announced it would impose tariffs on imports of US energy, vehicles and equipment, firing a return salvo minutes after Trump's threatened tariffs on Chinese goods came into effect.
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00:00If China is a big country, we can't just let them bully us.
00:14They keep collecting tariffs, so we have to speak up.
00:30I think this is definitely not a good thing for the overall situation.
00:46But China has no choice.
00:49The U.S. has been implementing very strict measures against China.
01:00But I think it's a good thing that the trade war has been restricted.
01:14We will fight back.
01:20That's why we got the A.I. DP check.
01:30It's precisely because of these export restrictions that incentivize Chinese firms to try to innovate.
01:50Since given this restriction on hardware, they've been trying to innovate on software.
01:56That actually accelerates Chinese A.I. development, thanks to the export restrictions.
02:04Trump may still introduce more tariffs to more countries.
02:09Some of them could be the traditional U.S. allies.
02:11Then China may actually see this as an opportunity to divide the U.S. alliance
02:19in terms of breaking some of the tech or trade blockades that it may face over the past few years.