China turns to other countries when American layers are more tariffs, which seems to be Beijing’s attempt to create a single front to force Washington to retreat. Days of effort, this meeting is only partial success by countries that do not want an ally for the main purposePresident Donald Trump’s trade war.
Collision with crater world marketsTrump on Wednesday retreated from their tariffs In most countries, for 90 days, the countries were lined up to coordinate more favorable conditions.
China refused to seek negotiations, saying that the US was insincere and that it would “fight the end” in the tariff war, which made Trump further connect the rate of Chinese import tax up to 125%. China has avenged the tariffs for US goods in the amount of 84%.
Trump’s relocation was seemingly an attempt to narrow down an unprecedented trade war between the US and mostly the world to analyze between the US and China.
China still focused on Europe when the phone call between Prime Minister Lee Ten and the President of the European Commission Ursul von der Leyen “sending a positive message to the outside world”. Both are each other’s largest trading partners.
“China is ready to work with the EU to jointly implement an important consensus achieved by Chinese and the EU, to strengthen communication and exchanges, as well as to deepen the trade, investment and industrial cooperation,” the official Xinhua agency reports.
Then there was a video conference between the Chinese Minister of Trade Wang Vento and the EU Commissioner for Trade and Economic Security Shefchovich on Tuesday to discuss the “mutual tariffs of the United States”.
Van said that the tariffs “seriously violate the legitimate interests of all countries, seriously violate WTO rules, seriously damage the multilateral trading system based on the rules and seriously affect the stability of the global economic order,” Xinhu said.
“This is a typical act of unilaterality, protectionism and economic bullying,” Van said.
“China is ready to resolve differences by consulting and negotiations, but when the US insists in its own way, China will fight to the end,” Van said.
Van also talked to the 10-member Association of Southeast Asian countries, and Lee, the Prime Minister, met with business leaders. China “has already made a full assessment and ready to fight different uncertainty and imposing additional policy in accordance with the needs of the situation,” Xinhua Lee said.
Not all countries are interested in connection with China, especially those who have a history of Beijing.
“We are talking for ourselves, and Australia’s position is that free and fair trade is a good thing,” Australian Prime Minister Anthony Albonez told reporters. “We cooperate with all countries, but we stand for the national interest of Australia and stand on our own legs.”
China introduced a number of official and unofficial trade barriers against Australia in 2020 after the then government angered Beijing, calling on an independent investment of the Covid-19 pandemic.
India also refused the Chinese call for cooperation, and Russia is usually regarded as a closest geopolitical partner in China, there is no fare at all.
However, the countries of Southeast Asia, such as Vietnam and Cambodia, were in a certain dependence. They took advantage when the factories moved to their countries from China from the cost growth. They are punished by tariffs, but few buyers outside the US are already working in useful fields.
Earlier, Trump denied a pause, but the drama about his tariffs would continue when the administration is preparing to participate in the country’s negotiations. Meanwhile, the tariffs will be 10% for the countries where large were made.
Originally this story was presented on Fortune.com
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2025-04-10 09:05:00
Christopher Bodeen, The Associated Press
