US-China trade war looms as Beijing vows retaliation to Trump’s new tariffs taking effect today
3 weeks, 2 days ago

US-China trade war looms as Beijing vows retaliation to Trump’s new tariffs taking effect today

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China would reportedly hit back with a series of both tariffs and non-tariff measures in response to the additional 10 per cent duties imposed by Trump. The country’s Commerce Ministry on Tuesday vowed to hit back against the fresh US import tariffs, reiterating its stance that the Trump administration was trying to “shift the blame” and “bully” Beijing over fentanyl flows. China has repeatedly asserted that the US’ unilateral tariffs breach World Trade Organisation rules and undermine the multilateral trade system, a statement from the Chinese Commerce Ministry said. Chinese leaders are anxiously observing a potential trade war with the United States as Trump reenters the political scene, following the country’s struggles for a robust economic recovery post-pandemic.

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