According to spokesman for the Chinese Ministry of Commerce, the country will respond if the US scales the commercial dispute
China responded to the threats of the United States (Republican Party) president of Chinese imports, stating that he is ready to “fight to the end ”. The statement was made this Thursday (8.ab.2025) and highlights the escalation of commercial tension between the two largest global economies.
The China Ministry of Commerce, in a statement, criticized US actions and said the imposition of the so -called “reciprocal rates “ is “completely unfounded”The country has classified US measures again as a” “.
“The countermeasures that China has taken seek to safeguard its sovereignty, safety and development interests, as well as maintain the normal order of international trade. Are completely legitimate ”said the ministry, quoted by the news agency (Associated Press).
China has already implemented US products, which will come into force on Wednesday (9.br.2025). The Chinese government has also indicated that it will adopt if the US proceed with the tariff climbing.
“If the US insists on following its own way, China will fight to the end ”declared the spokesman for the ministry.
Trump set a deadline until this Thursday (8.abr) for China to remove its “34%increase, added to old commercial abuse“Otherwise, the US will implement the new 50% tariffs from Wednesday (9.abr).
The US President handled China in. Then announced another package of measures on April 2, determining a. At the time, Beijing was taxed at 34%.
The total trade of goods between US and China was estimated at $ 582 billion by 2024, making China the main US commercial partner. The commercial deficit ranged from $ 263 billion to $ 295 billion.
Hong Kong
Hong Kong Chief Executive, John Lee, also classified US tariffs as “bullying”. He characterized Trump’s behavior as“mercilessAnd cited the risks and uncertainties brought to global and multilateral trade.
Lee said the city will bind its economy more closely to China’s development, sign more free trade agreements, and attract more foreign companies and capitals to Hong Kong, as well as support local companies to face the impact of tariffs.
Hang SENG, an index of the Hong Kong Stock Exchange, closed on Monday (7.abr) in. According to the agency it is the worst daily result since 1997, during the Asian financial crisis.
Impact on financial markets
Tariff threats caused instability in Tokyo’s actions from New York. Trump often boasted from stock market gains during his 1st presidential term, but now describes the period of financial difficulties as necessary.
“I don’t mind going through this because I see a beautiful picture at the end”Said Trump.
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