Get News Fast
Supporting the oppressed and war-torn people of Gaza and Lebanon

China Warns U.S. Over Tariff Ultimatums

China’s Ministry of Commerce warns that beijing will not yield ‍too⁣ recent U.S. tariff threats and urges Washington to resolve the dispute thru negotiations.

According​ to the English section of webangah News Agency, citing Mehr News Agency‌ and RT, China’s Ministry of Commerce issued ‍a statement responding to U.S. President Donald Trump’s threat to impose 100 percent tariffs‍ on ‌Chinese imports, emphasizing⁣ that Beijing will not surrender to such⁢ pressures.

Trump recently announced plans for‌ a 100 percent​ tariff on Chinese goods after China restricted exports of rare earth minerals – critical materials used in manufacturing ⁢everything from smartphones to fighter jets.

The ministry stressed that China’s​ position in ⁢the trade war remains firm: “We do not seek conflict, but ⁣we are not afraid of it.”

The escalating⁣ tensions between Beijing and Washington‍ could overshadow a potential meeting between Trump and ⁢Chinese President Xi Jinping at​ the Asia-Pacific Economic cooperation (APEC) summit in South Korea scheduled ‌for late October or early November.

This meeting is widely seen⁤ as an opportunity to revive dialog between the world’s two largest ‌economies. ​Throughout this year, Trump has focused on imposing tariffs as leverage against U.S. trading partners. yet China has resisted yielding ‌and⁢ relied on‍ it’s economic influence⁤ to counteract U.S. pressure.

In another part⁣ of its statement, China’s Ministry⁣ of Commerce condemned purposeful threats ‍of higher tariffs as ​an improper way ⁤to address issues with ⁤China: “If the U.S. insists on pursuing this wrong path, we will certainly take resolute measures to safeguard our legitimate rights and interests.”

Both nations accuse each other of violating their ⁤trade truce by imposing new restrictions. Trump charged Beijing with becoming “more ⁢antagonistic” and claimed that by limiting access to rare‍ earth minerals, China was holding “the world hostage.”

China’s new‍ export regulations now require foreign companies obtaining even⁢ small amounts of rare earth elements mined in China to⁢ secure‍ special​ licenses before exporting these goods.

In August,Washington and Beijing agreed on a ‍90-day tariff truce during‌ which U.S. tariffs on Chinese imports were reduced⁣ from 145 percent ​back down to 30 percent,while China’s tariffs on‌ American products dropped from 125 percent down to 10 percent.This ceasefire is set to expire in November.

News Sources: © webangah News Agency
English channel of the webangah news agency on Telegram
Back to top button