If President Trump continues the tariff war, China vows to “end” the battle | World News
Beijing/Washington: The United States and China headed to a full-scale trade war on Tuesday, with Beijing vowing to fight the U.S. “blackmail” and retaliate against Donald Trump’s threat to avoid 50% tariffs. If Trump enforces additional tariffs, the total tariff on goods imported from China to the United States will be 104%.
China’s foreign ministry spokesman Lin Jian said China is ready to fight in the case of a U.S. launching a tariff or trade war, if the U.S. threatens to Trump to impose an additional 50% tariff on Chinese imports, a Chinese foreign ministry spokesman said. China’s Commerce Ministry responded to Trump’s threat on Tuesday, saying China will never accept the “ratitude” of the United States and vowed to fight tariffs “at the end.”
“Beyond one mistake, the U.S. threat to China’s escalation is a mistake, which once again exposes the “rassip nature” of the U.S.,” a ministry spokesman said on Tuesday. “If the U.S. insists on acting in its own way, China will fight it.
Lin said: “Let me emphasize again that there is no winner in trade wars and tariffs, and there is no way out for trade protectionism.” “The Chinese people will never cause trouble, nor are they afraid of trouble.” He added: “Pressure threats and exhortations China are not the right way to interact with us.” China will do its best to firmly safeguard our legitimate and legitimate rights and interests, he said.
“If the United States insists on launching a tariff and trade war, regardless of the interests of the country and the international community, China will play its role in the end,” he briefed the media here. Trump threatened to start 50% of responsibility on China on Wednesday, and if Beijing does not withdraw its 34% tariff on all U.S. goods by Tuesday, China will retaliate against the Trump administration’s announcement of Chinese goods last week.
It seems that the two largest economies in the world are heading for a driverless trade war as Trump earlier warned China to export $438.9 billion to the United States, facing a 50% tariff unless it withdraws a 34% retaliatory tax, unless it responds to U.S. goods similarly. China retaliated against 34% of additional tariffs on $143 billion in exports. Official data show that the U.S. trade deficit with China totaled $295.4 billion last year.
If Beijing moves forward, analysts say it will seriously damage China’s exports to the United States, the third major trade destination after ASEAN and the EU.
Economists warn that Trump’s trade could impact China’s GDP by 2 to 2.5 percentage points, further affecting China’s economy, which is slumping into a slowdown.
Trump’s threat of imposing an additional 50% tariff will increase the tax on Chinese exports to an unprecedented 104%. In a social media post Truth Social on Monday, Trump attacked China for retaliation for his additional tariffs “in addition to already record tariffs, non-monetary tariffs, illegal subsidies from companies, and large-scale long-term currency manipulation,” despite warning of such actions.
Shortly after taking office in January, Trump rose 20% tax rate for failing to crack down on illegal traffic fentanyl, an effective opioid that is widely addicted to the U.S. drug. China’s Ministry of Commerce calls President Trump’s threat to imposing 50% of Chinese-made goods “a mistake, it’s a mistake.”
A spokesman for the ministry said China will firmly take countermeasures to safeguard its rights and interests if the United States upgrades its tariff measures. The state-owned Xinhua News Agency reported that the so-called “reciprocal tariffs” of the United States on China are groundless and are typical of unilateral bullying.
The spokesman said that defending China’s retaliatory tariffs was completely legal to protect China’s sovereignty, security and development interests and to maintain a normal international trade order. The spokesman said the U.S. threat of escalating tariffs against China has exacerbated its mistakes and further exposed the nature of the blackmail that China will never accept.
The spokesman pointed out: “If the United States tends to go the wrong path, China will fight until the end.” Elaborating on China’s position, Lin said: “What the United States does does not reflect its willingness to have a sincere dialogue. If the United States really wants to negotiate, it should show an attitude of equality, respect and reciprocity,” he said. “If the United States decides not to care about China and the rest of the world and is determined to fight its tariffs and trade wars, he will fight until it ends,” he said. ”
