China promises to fight “to the end” in response to Trump’s most recent tariff threat.
recent tariff threat
recent tariff threat : As if the UK economy wasn’t already precarious, it has become even more precarious.Many individuals continue to be negatively impacted by the expense of living, and they will be concerned about the possibility of a recession.
It is the last option available to the government. For millions of families, it is their last option.
According to recent More In Common polls, two-thirds of UK citizens are concerned about US tariffs, with slightly more than half believing they will exacerbate strains already caused by rising costs of living.(recent tariff threat)
Additionally, almost twice as many UK citizens would be in favor of the government retaliating against America with its own tariffs as opposed to those who are against the concept. The prime minister and senior ministers are currently doing what many governments across the world are doing, which is frantically trying to figure out how to react and calling each other to ask that question.
China is not backing down following Trump’s threat :
Beijing has made it clear that it will not back down from Donald Trump’s fresh threats. China’s Commerce Ministry warned that additional “countermeasures” aimed at American exports will be triggered if the US imposed any more tariffs. It said in a written statement that “China will fight it to the end if the US insists on this way” and accused the Trump administration of blackmail.
Additionally, it mocked Donald Trump’s assertion that his tariffs are “reciprocal,” calling them “groundless” and “standard unilateral bullying tactics.” Given his pledged next round of reprisal, it is difficult to imagine that Donald Trump would have actually expected China to undo last week’s “countermeasures.” In addition to losing face, the Chinese leadership is unlikely to concede to Donald Trump if it is labeling him a bully. China may also seek to obtain international political backing and additional trade volumes from new partners by firmly opposing the global trade instability caused by Trump. This might partially offset the loss of sales into the United States.
However, a trade war is no longer truly necessary for the Communist Party. It occurs during a period of intense domestic economic strain.
With a weak economy still recovering from years of a severe real estate crisis and ongoing youth unemployment, policymakers had already been having difficulty boosting domestic spending. Its commerce with the other superpower in the globe is now at risk of collapsing.
Nevertheless, through an editorial in the mouthpiece People’s Daily newspaper, the Chinese Communist Party has given a resolute message to the Chinese people today.
It stated that “China is fully capable of meeting these challenges… it has the courage and confidence to deal with the impact.”
What’s happened so far : (recent tariff threat)
- If Beijing does not halt its plans for retaliation, US President Donald Trump has threatened to impose an additional 50% tariff on goods imported into the United States.
China’s commerce ministry has declared that it will battle against tariffs “to the end” and that it will never tolerate the US’s “blackmail nature.”- - As trade tensions with the US intensify, a number of Chinese state-owned companies have promised to assist financial markets. Additionally, China’s financial regulator intends to raise the percentage of insurance funds that make stock market investments.recent tariff threat
- Despite the fact that the proposed tariffs could severely harm China’s export industry, analysts have stated that China is unlikely to back down because it does not want to “appear weak”.
Although Taiwan suffered a further decline, most Asian markets opened higher on Tuesday, recovering from massive losses the day before.
Does the United States have a $1 trillion imbalance with China?
(from sources) :
US President Donald Trump has repeatedly asserted that the US trade gap with China exceeds $1 trillion.
However, we are unable to locate any proof of this.
There is a trade deficit between the US and China, which occurs when the US imports more items from China than it exports. However, the external amount for 2024 was slightly over $295 billion.
China sold almost $1 trillion more items than it imported globally in 2024, so it’s plausible that Trump was misquoting this amount.
US President Donald Trump has repeatedly asserted that the US trade gap with China exceeds $1 trillion.
However, we are unable to locate any proof of this.
\There is a trade deficit between the US and China, which occurs when the US imports more items from China than it exports. However, the external amount for 2024 was slightly over $295 billion. China sold almost $1 trillion more items than it imported globally in 2024, so it’s plausible that Trump was misquoting this amount.
