China has announced plans to retaliate against U.S. tariffs imposed by President Trump, escalating the ongoing trade war between the two nations.
Trump’s latest decision, effective Tuesday, raised tariffs on Chinese products by 10 percent, bringing the total to 45 percent. While Trump suggested he did not expect significant retaliation, analysts warn that this move will increase costs for businesses and consumers in both countries, reports The Washington Post.
China’s Ministry of Commerce condemned the tariffs, calling them unjustified and a violation of international trade rules. The Chinese government stated it would take countermeasures to protect its interests, though specific actions were not revealed. The Global Times reported that Beijing might target U.S. agricultural and food products, which are significant exports to China.
The trade war began early in Trump’s return to office, escalating with tariffs on Canadian, Mexican, and Chinese goods. In response to U.S. tariffs, China imposed its own measures, including tariffs on U.S. coal, LNG, and agricultural equipment.
However, China’s initial response was more restrained, signaling potential openness to a trade deal.
As tensions rise, experts predict a cycle of retaliatory tariffs. Trump’s actions, aimed at reducing the U.S. trade deficit with China, have disrupted economic relations, putting additional pressure on China’s economy. Despite the trade tensions, Chinese officials have focused on diversifying export markets and stimulating domestic growth to prepare for prolonged economic challenges.
Bd-pratidin English/FNC
