Credited from: REUTERS
China has strongly condemned the economic measures initiated by the United States under President Donald Trump's administration, which include a sweeping 34 percent reciprocal tariff on Chinese imports. These tariffs are part of a broader strategy that has drawn retaliatory actions from Beijing, marking a significant escalation in the ongoing trade war. China’s foreign ministry spokesperson, Lin Jian, described these tariffs as a form of "economic bullying" and criticized the U.S. for prioritizing "America First" policies at the expense of a stable global economy and fair trade practices.
According to South China Morning Post, the Chinese government has announced mutual tariffs that mirror those imposed by the U.S., effectively implementing similar 34 percent duties on American exports. In addition to tariffs, China has taken steps to restrict imports of various U.S. agricultural products and has tightened its export controls on critical resources such as rare earth elements, essential for the tech industry.
The People’s Daily, China's Communist Party's official newspaper, asserted that "the sky will not fall" as a result of U.S. tariff policies, emphasizing China's economic resilience. Despite significant market reactions, including declines in Hong Kong and Shanghai indices, Chinese officials remain optimistic about countering U.S. economic measures.
China's response also includes a call for American businesses, such as Tesla, to take actionable steps to ease trade tensions and stabilize supply chains disrupted by unilateral pressure from the U.S.
As tensions escalate, further developments are anticipated. China has signaled its commitment to pursuing dialogue but insists that the root causes of the trade conflicts lie within U.S. policies prioritizing its own interests at the expense of international agreements. There remains uncertainty over a potential meeting between President Xi Jinping and Trump to negotiate a resolution, indicating a tough road ahead for international trade relations.
For the latest updates on this ongoing trade conflict, visit NY Times.