On Sunday, China signaled that it would firmly stand against the threat of US President Donald Trump 100% tariff and urge the US to settle disputes by negotiating rather than coercion.
In response, Trump accepted a more measured tone, but held firmly on his requirements, while his vice president seemed to warn China against any aggressive reaction.
What did China say?
The Chinese Ministry of Trade said: “The threat to high tariffs at every step is not the right way to go with China. If the US persists in its own course, China will definitely take appropriate measures to ensure its legitimate rights and interests.”
The statement demanded a solution to any concerns through the dialogue.
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“If the US side stubbornly insists on its practice, China will certainly take appropriate measures to ensure its legitimate rights and interests,” the post said.
In addition to 100% tariff, Trump threatened to store export checks on what he called “critical software” without determining what it means.
Both sides accuse the other of violating the spirit of a ceasefire by saving new restrictions on trade.
A few hours later, Trump used his truth the social platform to miss the report to Chinese leader XI Jinping.
Here’s what Trump said
“Don’t worry about China, it’s all okay!” The Republican President wrote. “The highly respected President Xi just had a bad moment. He doesn’t want depression for his country and I even. The US wants to help China, not to hurt it !!!”
While he was going to Israel, Trump said, “I have a great relationship with President XI; I’m not saying wrong, but then we met him with something much harder than what he did, again because of tariffs, it’s much harder.”
China produces nearly 70% of the world’s rare soil minerals and processes about 90% of its global processing, making access to these sources by the main point of trade in US business negotiations.
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These critical minerals are essential for a wide range of products, including jet engines, radar systems, electric vehicles and consumer electronics such as laptops and smartphones. Chinese export restrictions have affected the manufacturer not only in the US but also in Europe and other regions.
In his statement, the Chinese Ministry of Trade criticized the US for not taking into account their concerns by moving forward with new port fees on Chinese vessels that were reflected in Tuesday.
Also read: China will slam us over 100% of additional tariffs, calling to move “classic case of double standards”
In response, China announced on Friday that it would deposit similar port fees on US ships.
(With the entry from agencies)
(Tagstotranslate) 100% tariff
