China retaliates as Trump's tariffs escalate trade tensions
China reacted sharply to Donald Trump's decision to increase tariffs on Chinese goods to 125 percent. A spokesperson for the Chinese Ministry of Foreign Affairs described it as a "blatant act".
What do you need to know?
- China criticized the US decision to increase tariffs on Chinese goods to 125 percent, calling it a "blatant act" contrary to the will of the world.
- Beijing does not want a trade war, but it is not afraid of one, emphasizing that it will not allow the violation of Chinese rights or international trade rules.
- China raised retaliatory tariffs on goods from the US from 34 to 84 percent in response to American tariffs.
What are China's reactions to Trump's decisions?
The spokesperson for the Chinese Ministry of Foreign Affairs, Lin Jian, expressed Beijing's stance on Donald Trump's decision to increase tariffs on Chinese goods during a briefing. Lin described it as a "blatant act that goes against the will of the world". He emphasized that although China does not seek a trade war with the US, it is not afraid of it.
Is China ready to negotiate with the USA?
Lin also referred to Trump's statements suggesting that China wants an agreement but doesn't know how to start. The Chinese Ministry of Foreign Affairs spokesperson called on Washington to negotiate in the spirit of equality and mutual benefit, rejecting the US's "arrogant, unjust and oppressive forces" actions.
What are China's next steps in response to the tariffs?
In response to American tariffs, the Chinese government increased retaliatory tariffs on US goods from 34 to 84 percent. Lin emphasized that the development of China's shipbuilding industry stems from innovation and market competition, not protectionist measures.
What are the consequences for the shipbuilding industry?
Lin Jian also commented on Trump's decree concerning the American shipbuilding industry, pointing out that US problems result from excessive protective measures, not China's actions. Lin assessed that blaming China for Washington's own problems is unfounded.