Spokesman for the Chinese Minister of Trade says that “there are no winners in a trade war”
China promised to take retaliatory measures against the United States after the US President, Chinese exports. In the announcement, made on the morning of this Thursday (3.br.2025), the spokesman for the Chinese Ministry of Commerce described the republican action as “typical unilateral bullying practice ”.
Still, the Chinese trade representative urged the US to cancel tariffs and resolve differences through dialogue. “There are no winners in a trade war ”he declared.
Tarump’s rates announced an increase of 34% to Chinese imports. Since his return to the White House, Trump had already implemented two rounds of. According to the US President, these measures were justified by the need to contain China’s illicit fentanil flow to the US.
Trump also announced additional tariffs on all imports for the US, including 46% on Vietnamese products and 49% over Cambojan goods. In, the rate announced was 10%.
Analysts heard by They consider measures as a potential point of inflection in US-china relations and predict that tariffs will force multinationals to reevaluate their operations in the Asian country.
The US was moderate. It included taxes on US agricultural and industrial products such as soy, wheat and chicken, as well as the improvement of critical mineral export control measures.
Experts hope China now answers precisely, aiming at politically sensitive US exports.
The climb of commercial tension takes place at a delicate time for the global economy, with the International Monetary Fund (IMF) warning, in its last report, that commercial wars can reduce world economic growth by up to 0.5% over the next 2 years.
Here’s the rates announced by Trump:
Read more:
