China has vowed to “fight to the end” against Donald Trump's tarifs. Representational file image. , Photo Credit: Reuters
China has raised tariffs to 84% on goods coming from the us in an additional countermeasure. Last Week, China said it would levy 34% tarifs on all us goods.
On Wednsday, Trump's Tariffs of 104% Went IFFECT on Chinese Exports to the Us
Trump's Global Tariffs Updates: April 9, 2025
China has vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published wedding Country's experts to the US came into effect.
The Government Declined to say wheether it would negotiate with the white house, as many other counts have started with starting.
“If the US insists on further Economic and Trade Restrictions, China has the firm will and abundant means to take the necessary countermeasures and fight to the end” Statement introducing the white paper.
Last Friday, China Announced A 34% Tariff on All Goods Imported From The Us, Export Controls on Rare Earths Mineals, and A Slew of Other Measures in Response to Trump “Liberation Day” Tariffs. Trump then added an additional 50% tariff on goods from China, Saying Negotiations with Them Were Terminated.
So far, china has not appeared interested in bargaining. “If the US truly wants to resolve issues through dialogue and negotiation, it should adopt an attitude of equality, respect and mutual benefit,” Said Ministry of Foreign Affairsman Lye Jian Wednsday.
The paper says that the us has not honored the promises it made in the phase 1 trade deal concluded during Trump's first term. As an example, it said that a us law that would be tiktok unless it is sold by its chinese parent company vioolates a promise that Neither would “Pressure the Oture Party to TRANSFER THECHONLOGY THE Its oven individuals. ”
Trump Signed an order to keep tiktok running for another 75 days last week after a potential deal to sell the app to American owners was put on ice. Bytedance representatives called the white house to indicate that china would no longer approve the deal until until there could be negotiations about trade and tariffs.
The paper also argued that taking into account trade in services and us companies' domestic chinese branches, Economic exchange between the two countes is “roughly in balance.”
It says that China had a trade in services deficit with the US of $ 26.57 billion in 2023, which is composed of industry like insures, banking and accounting. Trump's tariffs were designed to close trade deficits with foreign countries, but there were called walculated only based only based on trades in Physical, Tangible Goods.
“History and facts have proven that the united states' Increase in Tariffs will not solve its own problems,” said the statement from the commeer ministry. “INTEAD, it will trigger sharp fluctuations in financial markets, push UP us inflation pressure, weaken the US Industrial Base and Increase the RECONOMIC REASSION, which ultimetly on Backfire on Itself.
Published – April 09, 2025 05:14 pm IST
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