15 April, 2025
Synopsis
Tensions escalate between the US and China over trade. A potential 245% tariff looms. China's Foreign Ministry responds with a call for collaboration. They emphasize removing barriers, not erecting walls. The US insists China must negotiate. Discussions are underway with other nations. However, China is excluded due to its retaliatory stance. The future of trade relations remains uncertain.
Beijing has made its response, a rather ambiguous one, after a new tariff rate figure on China, as high as 245%, emerged from a White House fact sheet on Wednesday.
Chinese Foreign Ministry spokesperson Lin Jian, as quoted by Global Times, said they should ask the US side for the "specific tax rate figures."
Speaking at press briefing on Wednesday, the Chinese official said that China has repeatedly stated its solemn position on the tariff issue. "The tariff war was initiated by the US. China has taken necessary countermeasures to safeguard its legitimate rights and interests and international fairness and justice, which is completely reasonable and legal. Tariff and trade wars have no winner. China does not want to fight these wars but is not scared of them," Lin was quoted as saying by Global Times.
He conveyed China's commitment to collaboration and the elimination of trade barriers amidst growing global uncertainties. "In a world full of uncertainties, China remains committed to joining hands, not throwing punches; removing barriers, not erecting walls; promoting connectivity, not pursuing decoupling," he said in a post on X.
"This tariff war was initiated by the U.S. side... China does not want a fight, but it is not afraid of one either," Jian had told a regular press conference.
Prior to the latest development, a 145% tariff was imposed on Chinese exports.
This escalation followed actions by US President Donald Trump, who recently enacted reciprocal tariffs on numerous countries, citing a trade deficit as the reason.
However, Trump has temporarily paused these tariffs for 90 days as discussions for new trade agreements are underway with over 75 countries, although China remains excluded from this pause due to its retaliatory stance.
During a press briefing, White House Press Secretary Karoline Leavitt reiterated Trump's firm position on China, asserting that the responsibility lies with China to negotiate a deal. She said, "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them."
Leavitt stressed that the US is open to negotiations, but it is essential for China to engage constructively.
economictimes.indiatimes.com
Synopsis
Tensions escalate between the US and China over trade. A potential 245% tariff looms. China's Foreign Ministry responds with a call for collaboration. They emphasize removing barriers, not erecting walls. The US insists China must negotiate. Discussions are underway with other nations. However, China is excluded due to its retaliatory stance. The future of trade relations remains uncertain.
Beijing has made its response, a rather ambiguous one, after a new tariff rate figure on China, as high as 245%, emerged from a White House fact sheet on Wednesday.
Chinese Foreign Ministry spokesperson Lin Jian, as quoted by Global Times, said they should ask the US side for the "specific tax rate figures."
Speaking at press briefing on Wednesday, the Chinese official said that China has repeatedly stated its solemn position on the tariff issue. "The tariff war was initiated by the US. China has taken necessary countermeasures to safeguard its legitimate rights and interests and international fairness and justice, which is completely reasonable and legal. Tariff and trade wars have no winner. China does not want to fight these wars but is not scared of them," Lin was quoted as saying by Global Times.
He conveyed China's commitment to collaboration and the elimination of trade barriers amidst growing global uncertainties. "In a world full of uncertainties, China remains committed to joining hands, not throwing punches; removing barriers, not erecting walls; promoting connectivity, not pursuing decoupling," he said in a post on X.
"This tariff war was initiated by the U.S. side... China does not want a fight, but it is not afraid of one either," Jian had told a regular press conference.
Prior to the latest development, a 145% tariff was imposed on Chinese exports.
This escalation followed actions by US President Donald Trump, who recently enacted reciprocal tariffs on numerous countries, citing a trade deficit as the reason.
However, Trump has temporarily paused these tariffs for 90 days as discussions for new trade agreements are underway with over 75 countries, although China remains excluded from this pause due to its retaliatory stance.
During a press briefing, White House Press Secretary Karoline Leavitt reiterated Trump's firm position on China, asserting that the responsibility lies with China to negotiate a deal. She said, "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them."
Leavitt stressed that the US is open to negotiations, but it is essential for China to engage constructively.
Ask US for the specific tax rate figures: China responds to Trump's 245% tariff rate
Tensions escalate between the US and China over trade. A potential 245% tariff looms. China's Foreign Ministry responds with a call for collaboration. They emphasize removing barriers, not erecting walls. The US insists China must negotiate. Discussions are underway with other nations. However...
