China Condemns US Tariffs, Vows Firm Countermeasures
Key Points:
- US Imposes Sweeping Tariffs:
- The US has introduced new tariffs totaling 104% on Chinese goods, significantly impacting Chinese exports.
- President Donald Trump announced the measures, which also target the EU and Japan, but China faces the heaviest burden.
- China’s Strong Response:
- Foreign Ministry spokesperson Lin Jian condemned the move as a violation of China’s development rights, calling it unilateral and bullying.
- China’s Finance Ministry announced retaliatory tariffs, including a 34% hike on US goods starting April 10, adding to previous duties on agriculture and energy imports.
- White Paper Accuses US of “Economic Bullying”:
- A State Council white paper warned that China will “resolutely counter” further US trade escalations.
- It criticized the US for using tariffs as a weapon, harming global trade stability, and failing to address trade imbalances.
- Economic Consequences:
- Analysts warn that tariffs above 35% could eliminate profit margins for Chinese exporters, potentially halting US-bound sales.
- The trade war risks inflation, market volatility, and damage to US industries.
- China Open to Dialogue, but Demands Equal Terms:
- Despite its firm stance, China remains willing to negotiate if the US shows “equality, respect, and mutual benefit.”
- Beijing claims it has complied with the Phase 1 trade deal, blaming Washington for violations and COVID-19 disruptions.
The US-China trade war has escalated with no signs of de-escalation from either side. While China pledges strong countermeasures, it remains open to talks—but only if the US adopts a more cooperative approach. With both nations entrenched in their positions, the economic standoff threatens global market stability and could inflict long-term damage on businesses and consumers in both countries.
