China vows retaliation against nations backing Trump's tariffs
China has warned that it will retaliate against countries that enter into agreements with the U.S., harming Beijing's interests. A spokesperson for the Chinese Ministry of Commerce commented that countries that yield to the U.S. in trade talks concerning tariffs imposed by President Donald Trump must be prepared for consequences. "China will never accept it and will resolutely take reciprocal countermeasures," said He Yadong.
what do you need to know?
- China accuses countries of yielding to the U.S.: The Chinese Ministry of Commerce expressed dissatisfaction with countries that, in its view, are yielding to U.S. pressure in trade negotiations.
- New tariffs on Chinese goods: The Trump administration has imposed tariffs of up to 145% on Chinese imports, and in some cases, they can rise to 245%.
- Negotiations with trade partners: The U.S. is holding talks with trade partners, including Japan and South Korea, regarding tariffs.
What are China's reactions to the U.S. actions?
According to the BBC, the Chinese Ministry of Commerce reacted strongly to reports of U.S. pressure on other countries to restrict trade with China. "Appeasement cannot bring peace, and compromise cannot win respect," said ministry spokesman He Yadong. China emphasizes that all parties should advocate for fairness and defend international trade rules.
What are the effects of the new tariffs on Chinese goods?
The Trump administration has imposed high tariffs on Chinese goods, which has a significant impact on international trade. Tariffs on some Chinese products reach up to 245%. This action is part of a broader U.S. strategy, which also includes negotiations with other countries, such as Japan and South Korea, to obtain relief in American import taxes.
What are the future U.S. tariff plans?
The U.S. continues negotiations with trade partners to obtain favorable trade conditions. Last week, a Japanese delegation visited Washington, and this week talks are set to begin with South Korea. "China believes that all parties should stand on the side of fairness and justice on the issue of reciprocal tariffs," emphasized the spokesperson for the Chinese Ministry of Commerce.
What are the broader implications for the economy?
The introduction of new tariffs by the U.S. has wide consequences for the global economy. In response to these actions, China has imposed a 125% tax on U.S. products and promised to fight to the end.
