China vows to fight Trump’s tariff war “final” as it blows up our “unilateral bullying”
Beijing – China said on Tuesday it will “fight to the end” and adopt countermeasures against the United States to safeguard the interests of President Trump threaten one An additional 50% tariff About China’s imports. The Commerce Department said the U.S. imposed “so-called “mutual tariffs”‘ China It is “completely unfounded and a typical unilateral bullying practice.”
China, the world’s second largest economy, has imposed retaliatory tariffs, and the ministry in its latest statement suggests more could occur.
“The countermeasures China has taken are designed to safeguard its sovereignty, security and development interests and maintain a normal international trade order. They are completely legal,” the ministry said. “In addition to one mistake, the U.S. threat to China’s escalation of tariffs is a mistake and is again exposed to the blackmail nature of U.S. China.
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Mr. Trump raised new concerns on Monday about China’s additional tariff threats that his rebalancing of the global economy could exacerbate an economically destructive trade war. stock market As the tariff war worsens, from Tokyo to New York becomes more unstable, economists warn Chances of a global recession Rapid rise.
Mr. Trump’s threat occurred when China said it would retaliate against U.S. tariffs he announced last week.
“If China does not exceed the 34% increase in its already long-term transactions by April 8, 2025, tomorrow, the president wrote on his own Truth Society platform. “The United States will impose an additional 50% tariff on China, effective April 9,” the president wrote. “In addition, all negotiations with China regarding their request to meet with us will be terminated!”
If Mr. Trump puts new tariffs on Chinese products, the U.S. tariffs on Chinese goods will reach 104%. The new tax will be the announced 20% tariff, a penalty for fentanyl trafficking, which he announced last week. Not only can it increase prices for American consumers, but it can also provide China with the motivation to flood cheaper goods and seek deeper relationships with other trading partners, especially the EU.
European Commission President Ursula von der Leyen called on China to negotiate with the EU to propose solutions to the global challenges facing U.S. tariffs.
Von der Leyen in a call with Chinese Prime Minister Li Qiang on Tuesday, “emphasized the responsibility of Europe and China as the two largest markets in the world to support a strong reformed trading system, free, fair, built on a level playing field.”
Leaders have discussed establishing a mechanism to track the transfer of any goods collected by the U.S. trade, due to concerns in Europe that China may attempt to transfer to cheap exports destined to the U.S. market, the statement said. Such transfers may constitute what is called “dumping” in international trade, which can be saturated with cheap goods at the expense of domestic producers and sellers.
People said on the streets of Beijing that they found it difficult to track all announcements, but expressed their belief in their country’s ability to survive the storm.
“One thing Trump said today, tomorrow says. He only wants benefits anyway, so he can say everything he wants to do,” said Wu Qi, 37.
“I’m not worried,” Wu said. “Our country is not afraid. Of course, I think the goal should be to minimize the harm to ordinary people.”
Experts say China still has a range of options to fight back against Washington, including a moratorium on cooperation to combat fentanyl, higher quotas for agricultural products, and engage in U.S. services trade in services such as finance and law firms in China.
In 2024, the total value of goods transactions between the United States and China is estimated to be $582 billion, making it the highest commodity in the U.S. trade deficit between $263 billion and $295 billion in 2024.
