China Opposes New U.S. Tariffs and Promises Countermeasures
China has firmly opposed new U.S. tariffs imposed by President Trump, urging Washington to cancel them, citing harm to global economic stability. It has announced countermeasures in response to the tariffs, which are seen as unilateral and damaging to international trade. Meanwhile, the escalating trade war could adversely affect China’s economic recovery, as it no longer relies on exports for growth.
China has expressed its strong opposition to the recent imposition of tariffs by the United States, characterizing them as dangerous to global economic development. The Chinese government has urged Washington to cancel the new tariffs, arguing that they contravene international trade rules and harm the rights and interests of affected parties. In light of these developments, China has pledged to implement countermeasures to protect its rights and interests in international trade.
President Donald Trump has further escalated tensions by introducing heavy tariffs of 10% on imports from various countries, including an additional 34% specifically targeting China. These actions have prompted Beijing to retaliate with its own tariffs on a selection of U.S. agricultural products, such as soybeans, pork, and chicken, ranging up to 15%.
The ongoing trade war poses a significant threat to China’s fragile economic recovery, particularly amidst challenges in the property sector and low domestic consumption. As the dispute intensifies, China recognizes that its economic growth prospects may no longer depend on exports, which previously saw record highs in 2024.
While President Trump has characterized the tariffs as “reciprocal,” experts suggest that his administration may have exaggerated the impact of tariffs imposed by other nations. China has asserted that the U.S. is utilizing spurious claims of trade losses to justify its tariff policies, which damage the balance stemming from multilateral trade agreements.
Moreover, China advocates for dialogue to address the trade conflict, emphasizing that trade wars yield no victors and that history underscores the ineffectiveness of tariffs in resolving trade-related issues. The United States has also levied 25% tariffs on steel and aluminium imports, further complicating the trade landscape, despite China’s status as a predominant steel manufacturer.
In conclusion, China’s opposition to U.S. tariffs signifies a critical response in an evolving trade conflict. The assertions by Chinese officials reflect concerns over international trade practices and highlight the potential repercussions on global economic stability. By advocating for dialogue, China seeks to resolve disputes without resorting to further protectionist measures, emphasizing the ineffectiveness of tariffs in addressing complex trade issues.
Original Source: www.hindustantimes.com
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