作者/Author(s): Derek Scissors and Zack Cooper 

網站來源/Source: American Enterprise Institute 

日期/Date: 09/25/2025 

關鍵字/Keywords: 經濟、中國、川普 

 
  • 川普確實成功脅迫部分國家讓步，但面對中國時卻一再退縮。
  • 川普曾以「解放日」關稅為名對中國課徵天價關稅，在中國以關稅措施反制後更進一步升級。然而數週後川普便撤回決定，以放寬拜登時期技術出口管制換取美國對華出口恢復關稅戰前稅率，雙方達成和解。換言之，川普對中國做出讓步，卻幾乎沒有獲得回報。 
  • 此外，中國似乎也在輝達（Nvidia）身上找到槓桿。雖然輝達獲准對中國出口低階 H20 晶片，但中國選擇拒收，反而逼得輝達與美國政府協商，嘗試出售更先進的 Blackwell 晶片，而川普很可能同意。此舉等同於川普將中國長久以來覬覦的美國科技雙手奉上。 
  • 美國曾制裁俄羅斯與伊朗石油。面對中國持續大量進口俄、伊石油，美國並未對其採取懲罰性措施，反而因為印度也購買俄油而對其商品額外徵收 25% 關稅。 
  • 同時，川普也延宕了國會指定的 TikTok 強制剝離法案，顯示他漠視法律的一面。雖然白宮預期很快就會達成協議，但中國尚未明確同意任何條款。 
  • 川普2.0亦屢屢為了改善與中國的關係而拋棄台灣。川普曾批評台灣「竊取」美國晶片產業卻毫無回饋，堅稱只要他在任中國就不會入侵台灣，拒絕賴清德總統過境紐約，否決與台灣舉行高層國防政策對話的提案，並否決對台4億美元軍售案。此舉顯見川普政府正以犧牲東亞軍事平衡為代價，試圖避免與中國產生摩擦。 
Summary: 
Trump had followed up on his threats to coerce some countries, but consistently backed down when facing China.  
  • Trump had imposed sky-high tariffs on China as part of his "Liberation Day" tariffs, which escalated after China retaliated with its own tariff measures. However, Trump reversed his decision a few weeks later and made peace by loosening the Biden-era technological export controls in exchange for a pre-tariff war rate for US exports to China. In short, Trump made concessions to China and received little in return. 
  • Moreover, China appears to have found a lever in Nvidia. Nvidia obtained a license to export its lower-grade H20 chips to China, only for China to reject the proposal. Now, Nvidia is negotiating with the US administration to sell the more advanced Blackwell chips to China, and Trump is likely to approve them. By doing so, Trump is gifting China with what it had long preyed on: American technologies. 
  • The US had imposed sanctions on Russian and Iranian oil. Despite China's consistent import of Russian and Iranian oil, the US had not enforced its sanctions or punished China for doing so. On the other hand, the US had imposed an additional 25% tariff on India for purchasing Russian oil. 
  • Moreover, Trump had delayed the Congress-designated legislation to force the rapid divestiture of TikTok, signaling his disregard for the law. Although the White House expects a deal soon, China has not explicitly agreed to any terms. 
  • The Second Trump administration also repeatedly forsakes Taiwan in search of better relations with China. Trump had criticized Taiwan for stealing US chip business without giving back anything, insisted that China would not invade Taiwan as long as he is in the office, refused President Lai's transit through New York, rejected a proposal for high-level defense policy talk with Taiwan, and denied a $400 million arms sales package for Taiwan. It appears that the administration is attempting to avoid tensions with China at the expense of a less favorable military balance in East Asia. 
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