China has stated that it will not back down against the US's increased tariffs on it. With Chinese imports now facing a 125 percent tariff rate, Beijing has warned that these American tariffs will go "against the whole world."
With Chinese imports now facing a 125 percent tariff rate, Beijing has warned that these American tariffs will go "against the whole world."
China has stated that it will not back down against the US's increased tariffs on it. With Chinese imports now facing a 125 percent tariff rate, Beijing has warned that these American tariffs will go "against the whole world."
Addressing Trump's 90-day pause on all tariffs, except China, Lin Jian, the spokesperson for the foreign ministry, said the US tariffs "seriously damage the rules-based multilateral trading system, and seriously impact the stability of the global economic order."
"This is a blatant act that goes against the will of the world and goes against the whole world," the ministry added.
Chinese Commerce Ministry spokeswoman He Yongqian also urged the US to meet Beijing "halfway" to stop the escalating trade war and vowed to "fight to the end" if a compromise cannot be reached.
"The door to dialogue is open, but it must be based on mutual respect and conducted in an equal manner," Yongqian said, adding that Beijing will not back down if the US "insists on its own way."
China's tariffs, which were hiked again from 104% to 125%, come amid Trump's renewed trade policy, which has triggered a global trade war.
As countries line up to talk to US President Trump to negotiate a resolution. Trump has also stated that China "wants to make a deal, but doesn't know how to go about it."
Meanwhile, the Trump administration has stated that talks with countries such as Japan, South Korea, India, Vietnam and others will be prioritised.