China, the second-largest world economy, imposed the retaliation of the tariff and the Ministry hinted in the last statement that may be more.
“Contramation China took a focused on the protection of its sovereignty, security and development interests and maintaining a normal international market account. They are completely legitimate,” the Ministry states. “The U.S. threat to escalating tariffs in China is an error and once again exposes the blackmail of the Nature of the USA in the USA will never accept it. If the US will insist on its own path, China will fight at the end.”
CBS News 24/7 answers your questions about tariffs in a special show on Wednesday at 18.00 ET. Download App for CBS News On your phone or connected TV to watch it live.
Mr. Trump threat Monday additional tariffs on China raised fresh concern that his rebalance plant was the global economy to intensify the financial destructive trade war. Stock exchange From Tokyo to New York, they became more unstable as a tariff war worsened and economists warned that they were Odds of a global recession grow fast.
Mr. Trump’s threat she came after China said she would retaliate against the American tariffs he published last week.
“If China does not withdraw his 34% increase in tomorrow, 8. April 2025. April, the United States will be imposed by additional tariffs in China from 50%, in force on 9. April,” President 9. April. “In addition, all conversations with China concerning their requested meetings with us will be abolished!”
If Mr. Trump carries out his new tariffs in Chinese products, the American tariffs in Chinese goods would reach a combined 104%. New taxes would be at the top 20% of the tariffs announced as a penalty for Trade Fentanyl, and its separate 34% of the tariffs were published last week. Not only could it only increase US consumers, the field by flooding other countries can give and float with cheaper goods and look for deeper relations with other trade partners, especially the European Union.
The President of the Commission of the European Union Ursula Von Der Leyen called on China to negotiate with the EU to show solutions for global challenges presented by the tariffs presented.
During a telephone call with Chinese Prime Minister Lee Qiang, since the responsibility of Europe and China, as two largest markets in the world, support a strong reformed trade system, free, fair and established at the level of its office.
The statement states that the leaders discussed the establishment of a mechanism for monitoring all the development of the goods caused by US imposed on trade, in the middle of concern in Europe that China could try to redirect to the US market. Such diversions could amount to what is called “delaying” in international trade, practice that can saturate the market with precise goods to the detriment of domestic producers and sellers.
On the streets of Beijing, people said they were hard to find him to follow all the announcements, but they expressed belief in his country’s ability to time a storm.
“Trump says one thing today and another tomorrow. In any case, he just wants to use, so he can say everything she wants,” Wu Qi said, 37, who works under construction.
“I’m not very worried,” Wu said. “Our country is not afraid. Of course, I think the goal should be reducing harm to ordinary people.”
China still has a number of opportunities to appear in Washington, experts, including the suspension of cooperation on the fight against Fentanila, placing greater quotas on agricultural products and going after American trade services in China, such as finance and lawyers.
American total trade with China was worth $ 582 billion in 2024. year, making it a state-of-the-art trader in Robbie with the USA, the US Defendant with China and Services was between $ 263 billion and $ 295 billion.
https://assets1.cbsnewsstatic.com/hub/i/r/2025/02/04/6557d3ea-edb6-4829-9800-57307ad46c90/thumbnail/1200×630/fd07fe9dfe00ab0091189a47a627c0e1/2025-01-20t060028z-904665636-rc2hdcaf3voa-rtrmadp-3-usa-trump-foreign-policy.jpg?v=7613930c2bdb7d1bf55be910a9b022f2
2025-04-09 00:14:00