On Tuesday, the Chinese Ministry of Trade issued a statement in response to the last threat of the USA for the escalation of tariffs to China.
Key quotes
The US threatens to escalate tariffs to China, “which is a mistake except error.”
China will never accept the “blackmaile nature” of the USA.
Encourage the United States to immediately repair “improper practices”, cancel all unilateral tariff agents against China.
He is strongly opposed and they will take remedies if the US introduces an additional 50% tariffs.
If the American side bends over its own path, the Chinese side follows it to the end.
Market reaction
According to these counterattacks from China, Aud/USD is sticed near 0.6030. The pair is currently the subject of 0.6015, it still increased by 0.52% during the day.
Frequently inflicted by American-chin
In general, the trade war is an economic conflict between two or more countries due to extreme protectionism at one end. This means creating trade barriers such as tariffs that cause a counterattack, escalating import costs, and thus maintenance costs.
The economic conflict between the United States (USA) and China began at the beginning of 2018, when President Donald Trump established trade barriers for China, claiming that unfair commercial practices and theft of intellectual property from the Asian giant. China took retaliation, imposing tariffs on many American goods, such as cars and soy. The tension escalated until both countries signed trade agreements in the American-Chinese phase in January 2020. The agreement required structural reforms and other changes in the Chinese economic and commercial system and pretended to restore stability and trust between two nations. However, Coronevirus’s pandemic focused on the conflict. It is worth mentioning, however, that President Joe Biden, who took office after Trump, kept the tariffs and even added additional fees.
The return of Donald Trump to the White House as 47. The US president caused a fresh wave of tension between two countries. During the election campaign in 2024, Trump undertook to impose a 60% tariff on China after returning to the office, which he did on January 20, 2025. With the return of Trump, the trade war in the USA-China is aimed at resuming where it remained, with the principles of Tatat, influencing the global economic landscape among the global resources, which will reduce, which will reduce, which will reduce, which will reduce, which will reduce, which will reduce, which Especially investments, as well as directly nutrition in indexing consumers.
