financetom
Business
financetom
/
Business
/
China censors some tariff-related content on social media
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China censors some tariff-related content on social media
Apr 9, 2025 2:35 AM

HONG KONG, April 9 (Reuters) - China began censoring

some tariff-related content on social media on Wednesday after

U.S. "reciprocal" tariffs on dozens of countries took effect,

including massive 104% duties on Chinese goods, while posts

criticising the U.S. were top hits.

Hashtags and searches for "tariff" or "104" were mostly

blocked on social media platform Weibo, with pages showing an

error message.

Other hashtags, particularly the U.S. having an egg

shortage, were amongst the most viewed on Weibo. State

broadcaster CCTV started a hashtag

"#UShastradewarandaneggshortage."

The U.S. is "waving the tariff stick in a high profile

manner, imposing tariffs on EU steel and aluminium products..

but also writing letters to European countries in a low voice,

urgently asking for eggs," CCTV said in a post on Weibo.

Beijing announced counter-tariffs on the U.S. last week and

has vowed to fight what it views as blackmail.

Internet censors have also allowed mocking U.S. comments

to proliferate on Chinese social media, depicting the United

States as a globally irresponsible trading partner, as China

prepares the stage for a wider trade fight with the world's

biggest economy

China controls the internet through a system known as the

"Great Firewall" and social media posts are routinely censored

when deemed detrimental to national interests. Foreign social

media networks such as Instagram and X are blocked, a system

that has created a captive market for domestic alternatives.

Beijing lawyer Pang Jiulin, who has more than 10.5 million

followers on his Weibo account, said China's share of exports to

the U.S. would quickly be replaced by countries such as Vietnam

and India, and Chinese companies would lose the opportunity to

continue exporting to the U.S.

In the face of U.S. economic aggression, China has no way

out but to "fight to the end" he said.

"If China also increases tariffs to 104%, the prices of

American goods including Apple ( AAPL ) and Tesla will

soar, and Chinese will pay a greater price for their favourite

American goods."

Hitting back with its own tariffs and export controls may

not be very effective, given China ships to the U.S. about three

times as much goods than around the $160 billion it imports. But

it may be the only option if Beijing believes it has a higher

pain threshold than Washington has.

Chinese stocks tumbled on Monday with the Shanghai Composite

Index down 7% on Monday in its worst day in five years,

but they closed higher on Wednesday, buoyed by state pledges to

support local markets.

Prominent Chinese commentator Hu Xijin said on Wednesday

that Trump's team was "really delusional".

"They are at war not only with the whole world, but also

with the most basic rules of human society, so their chances of

victory are zero," Hu said.

"Their reciprocal tariffs will be nailed to the pillar of

shame in history for future generations to laugh at."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved