China Promises Retaliation Against Trump Tariffs, Calls Them ‘Blackmail’
China has announced intentions to retaliate against President Trump’s tariffs, labeling them as “blackmail.” Foreign Minister Wang Yi warned of a counterattack if the U.S. persists with these tactics. Additionally, China is exploring a collaborative strategy with Japan and South Korea, though formal coordination has not yet been established. Japan and South Korea are affected by these tariffs, with both nations seeking exemptions and support for their industries.
In response to President Trump’s tariffs, China has declared an intention to retaliate. Chinese Foreign Minister Wang Yi announced on state television that Beijing would engage in a “counterattack” if the United States continues its so-called “blackmail” tactics over tariffs. This marks a significant escalation in the ongoing trade tensions between the two nations.
Wang Yi further emphasized that “America First” should not equate to American bullying, highlighting the need for respect for other countries’ legitimate rights and interests. Additionally, reports from the Wall Street Journal indicate that China is attempting to align its strategy with American allies, Japan and South Korea, in response to the tariffs.
Although officials from Japan and South Korea acknowledged recent three-way discussions for the first time in five years, they noted that no decision has yet been made regarding formal coordination with China. These discussions have focused on supply-chain cooperation and export controls, as South Korea’s Trade Ministry plans to accelerate negotiations for a trilateral free-trade agreement considered since 2012.
As prominent auto exporters and steel suppliers to the United States, both Japan and South Korea are feeling the impact of these tariffs. Japan is actively seeking exemptions from the U.S. tariffs, while South Korea intends to offer emergency support to its automobile sector. Currently, President Trump has imposed a 10% additional tariff on Chinese imports, demanding that China address issues related to synthetic opioids and illegal immigration, alongside tackling intellectual property theft.
The trade tensions between the United States and China are escalating, with China planning to retaliate against Trump’s tariffs. The situation is further complicated by potential coordination with Japan and South Korea, both of whom are major exporters to the U.S. This dynamic highlights ongoing global trade complexities that could have significant economic implications for all involved stakeholders.
Original Source: san.com
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