China has condemned President Donald Trump's decision to impose a 10 percent tariff on all Chinese imports, calling it a 'serious violation' of international trade rules. Beijing has vowed to retaliate with unspecified countermeasures while challenging the tariffs at the World Trade Organization (WTO).
President Donald Trump’s decision to impose a 10 percent tariff on all Chinese imports was criticized Sunday by Beijing, with the move branded a “serious violation” of international trade rules.
In a statement, China’s ministry of commerce expressed its strong opposition to the tariffs, describing them as a setback to the trade relationship between the two nations. The ministry pledged to introduce “corresponding countermeasures”, although it did not provide specific details on what these would entail.
Trump said the move was related to the flow of fentanyl, a powerful synthetic opioid, into the United States driven by the Communist state. “We have always believed that there are no winners in a trade war or a tariff war,” said Mao Ning, a spokesperson for China’s foreign ministry, while adding that China was “firmly committed to safeguarding national interests”.
Tariffs Trade War China United States World Trade Organization
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 Chinese Stocks Could Explode Higher in the Wake of US-China Trade DealStocks Analysis by Investing.com (David Wagner) covering: Baidu Inc, Yum! Brands Inc, Tencent Holdings Ltd ADR, JD.com Inc Adr. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »
North American Trade Surpasses China, Sparking Concerns Over Rising Prices and Trade TensionsThe economic alliance between the US, Canada, and Mexico has overtaken trade with China, reaching $1.8 trillion in 2023. This burgeoning partnership, particularly in the automotive industry, is facing challenges due to rising production costs and potential trade disputes. Experts warn that these tensions could lead to increased prices for cars, groceries, and energy for American consumers.
Read more »
Trump's Trade Wars: Strengthening China-Europe TiesThe article predicts a strengthening of trade ties between China and Europe in 2025, largely due to Donald Trump's erratic trade policies. It argues that Trump's actions have made the United States an unreliable trading partner, pushing other countries towards closer collaboration with China and Europe.
Read more »
Record Trade Surplus as China Races to Beat Trump Tariff ThreatsExports rose faster than expected, according to official customs data.
Read more »
S&P 500 Ends Strong Week on High as Trump-China Call Eases Trade War WorriesThe S&P 500 climbed to a strong finish on Friday, driven by bullish investor sentiment ahead of Donald Trump's inauguration. While concerns remain regarding potential trade tariffs, Trump's positive phone call with Chinese President Xi Jinping on Friday eased anxieties. The market also awaits earnings reports from major tech, industrials, and consumer companies next week.
Read more »
Trump and China's Xi discuss TikTok, trade, fentanyl, president-elect saysPresident-elect Donald Trump said he spoke on the phone with Chinese President Xi Jinping about TikTok, fentanyl, trade and more.
Read more »