[Intensifying China-U.S. Tariff Game: A Defensive and Offensive Battle Amid China's Deflation Dilemma]
▲ Life and death speed: A breakthrough against deflation in a $2.4 trillion market
According to the latest data from China's National Bureau of Statistics, the core CPI has lingered at a low level for 24 consecutive months, dropping another 0.1% year-on-year in February 2025, marking the longest downward cycle since 2010. In the face of the Trump administration's oppressive policy that raised the average tariff rate to 20%, China's manufacturing exports have plummeted by 18% compared to the same period last year, while the U.S. has threatened with a 'possible increase to 60%', further plunging the global supply chain into anxiety.
■ The industry chain offensive and defensive battle: A confrontation with no way out
Strategic defense: The resilience breakthrough of Chinese enterprises