China Warns of Retaliation Following Trump’s New Tariff Threats
China’s Ministry of Commerce firmly opposes President Trump’s additional 10% tariff on Chinese goods, threatening retaliation if necessary. The tariffs, set to commence on March 4, coincide with China’s parliamentary meetings. Analysts expect China to respond strategically, focusing on industries critical to Trump’s supporters while leaving room for negotiations to avoid further escalation in trade tensions.
On Friday, China’s Ministry of Commerce expressed strong opposition to U.S. President Donald Trump’s recent proposal to impose an additional 10% tariff on Chinese imports, set to take effect on March 4. A spokesperson stated, “If the U.S. insists on its own way, China will take all necessary countermeasures to defend its legitimate rights and interests.” They further urged the U.S. to resolve conflicts through dialogue rather than repeated errors.
The announcement of the tariff hike coincides with China’s parliamentary meetings and follows a previous 10% tariff imposed on February 4, related to China’s involvement in the fentanyl trade. Analysts anticipate that China’s potential retaliatory measures may include raising tariffs on U.S. imports and increasing controls over critical minerals essential to the U.S., although it is expected to approach retaliation with caution.
Experts suggest that future Chinese responses will likely be strategic, targeting industries critical to Trump’s support base, while maintaining room for negotiations. Following the first wave of tariffs, China implemented retaliatory measures including higher duties on specific U.S. energy imports and placing American companies on an unreliable entity list that complicates their operations in China.
China’s Ministry of Commerce has intensified its rhetoric, criticizing Trump’s tariff threats as an attempt to shift blame for America’s drug issues. The Ministry’s latest statement reflects a readiness to defend national interests without conceding. Moreover, a spokesperson from the Ministry of Foreign Affairs noted that U.S. coercion would only provoke counterproductive outcomes.
Moving forward, President Trump is preparing to assess China’s compliance with a prior trade agreement by April 1, potentially triggering further reciprocal tariff actions. Trump affirmed that the planned April 2 deadline for implementing additional tariffs remains firm, suggesting heightened trade tensions between the two nations in the near term.
In summary, China’s Ministry of Commerce has voiced strong opposition to the additional U.S. tariffs proposed by President Trump, threatening retaliation to protect its interests. The escalation in trade tensions accompanies an ongoing strategy from both nations regarding tariffs and negotiations, with China likely opting for measured responses while preparing for potential discussions. Analysts indicate a cautious approach may prevail as both nations navigate these complex economic relations.
Original Source: www.nbcmiami.com
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