• China warns the Trump administration against renewed tariffs set for August.
• Retaliation is threatened against countries engaging in supply chain deals with the US.
• Current average US tariffs on Chinese goods reach 51.1% while Chinese duties on US goods average 32.6%.
• The People's Daily reinforces China's stance on the importance of dialogue and cooperation.
• Beijing discourages regional economies from making deals that sacrifice Chinese interests.

China has issued a stringent warning to the Trump administration against the reinstatement of tariffs, effective from August, marking a potential escalation in ongoing trade tensions. The caution follows President Trump's notification to increase tariffs sharply, which comes after a previously established trade truce in June. This has left many investors and traders anxious about the prospects of a sustainable agreement as conversations evolve, according to Reuters and Channel News Asia.

The communication from China criticized the US tariff strategy as "bullying" and emphasized the need for "dialogue and cooperation" between the two superpowers. It also set a potentially confrontational tone, stating that “only by firmly upholding principled positions can one truly safeguard one's legitimate rights and interests," according to TRT Global and India Times.

In terms of numbers, tariffs on Chinese goods have climbed to an average of 51.1%, while Chinese tariffs on US imports are roughly 32.6%. These figures reflect the expansive economic stakes in this trade dispute, with both nations overwhelmingly taxing each other's exports, according to Reuters, Channel News Asia, and SCMP.

Additionally, China's response extends to threatening nations that might establish supply chain agreements with the U.S. that exclude China, citing a recent example where Vietnam negotiated a lower tariff for goods. The People's Daily remarked, "China firmly opposes any side striking a deal that sacrifices Chinese interests," indicating that any such arrangements could provoke a resolute response from Beijing, as noted in India Times and SCMP.