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Peking Playbook
Peking Playbook Unscripted 20250406
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Peking Playbook Unscripted 20250406

"Liberation Day" tariffs and Beijing's response

Hello! Welcome to the 7th episode of the podcast “Peking Playbook,” mainly featuring me (Zichen Wang) and Robert Wu of Baiguan and China Translated substacks, just talking about recent news. Today, we have Johnny Zou of East8 join us as well. Johnny was with us on the January 28 episode.

In the following 43-minute conversation recorded on Sunday morning ET, April 6, 2025, we talked about:

[00:46] Tariff, first impressions

[09:46] Is the US underestimating China?

[15:00] How would countries from Japan to Vietnam respond?

[22:44] Will China have closer integration with the rest of the world or more trade friction?

[29:27] Investment strategy post-”Liberation Day”

[35:48] How will this affect China’s domestic demand

[40:02] Zichen: shoutout to a Pekingnology piece on some science reporting in SCMP

[40:54] Johnny: We shouldn’t ignore RCEP, which could be important for this tariff war

Sinocism
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US tariff abuse will impact China, but "the sky won't fall". The US government's imposition of a 34% tariff on China, added to previously imposed tariffs, will severely restrict bilateral trade and inevitably cause short-term negative effects on our exports, increasing economic downward pressure…Facing US variability and extreme pressure, we haven't closed the door to negotiations, but we don't harbor wishful thinking either, having made various preparations to respond to impacts. - April 7th People’s Daily…
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The following is sourced from a blog post within WeChat by the National School of Development (NSD), Peking University. It’s an interview with Yao Yang, Professor and former Dean of NSD, by an online offshoot of Beijing Daily, the official newspaper of the Chinese capital city…
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