Credited from: AA
Amid escalating trade tensions, China firmly stated it is prepared to "fight to the end" against the newly proposed 100% tariffs by President Donald Trump. Chinese commerce ministry representatives have reiterated that the US cannot simultaneously seek dialogue while issuing new sanctions, which they termed as a "wrong approach" to bilateral relations. "If you wish to fight, we shall fight to the end; if you wish to negotiate, our door remains open," a spokesperson highlighted in a recent statement, reflecting China's ongoing stance on tariff disputes, according to Indiatimes, Indiatimes, and TRT Global.
President Trump’s threatened tariffs are a direct response to China's recent restrictions on rare earth exports, which are vital for tech industries. The US plans to implement these tariffs, increasing the total tariff on Chinese imports to 130%, while also announcing export controls on "any and all critical software" beginning November 1. Trump's administration has declared that these measures are essential to reshape trade dynamics and hold China accountable for its actions, according to Channel News Asia and Anadolu Agency.
China has also defended its export control measures on rare earths, asserting that they are legitimate actions for national security and regional stability. In turn, China has encouraged the US to adopt a balanced approach and engage in meaningful dialogue. The tension surrounding these trade issues is contributing to uncertainty regarding a scheduled meeting between Trump and Chinese President Xi Jinping, as financial markets react to the potential for further escalation in trade hostilities, according to Indiatimes and Indiatimes.