China has postponed concerns about the impact of US tariffs on its exports, although the tension between Beijing and Washington continues to decompose global markets. The Chinese official of Lyu said, “Sky does not fall” for Chinese exports and added: “This effort not only supported the development of our partners, but also increased our own resistance.”
Despite the latest increase in tariffs of the Chinese Customs Department, the “huge domestic market” of the country will serve as a stabilization force. “China will change home security in a cache against global volatility,” the customs report said.
Chinese exports have seen a sharp increase last month, which reflected the likely rush to transport goods before the “Liberation Day” Donald Trump, which risks that it increases to the trade war in full between the two largest economies of the world.
The stock markets climbed on Monday, floating with signs of release of electronics restrictions.
While some exceptions were offered for electronics on the weekend, the Secretary of the American Trade Howard Lutnick explained that smartphones, laptops and semiconductors can still face future fees. “These devices would be included in semiconductor tariffs that probably come for a month or two,” Lutnick said.
Trump reaffirmed a hard attitude in the post on the social post and wrote, “No one will get” out of the hook “, and warned that the current 20% of smartphones could still rise.
XI: “There are no winners in the trade war”
Meanwhile, Chinese President Xi Jinping, who launched a diplomatic tour of Southeast Asia, called for a return to cooperation. In a joint editorial published in Vietnamese and the Chinese state medium XI, he wrote: “There are no winners in a trade war or customs war.”
He added: “Our two countries should definitely protect the multilateral trading system, stable global industrial and supply chains and open and cooperative international environment.”
Chinese warning about the impact of American tariffs
April 12, Chinese Minister of Trade Wang Weao raised concerns about growing tensions in the trade war between the US and China and said that US reciprocal tariffs could “cause serious damage” to the poorer nations. This statement emphasizes the negative global impact of tariff increases because both nations continue to exchange repressive doses.
Call to cancel the tariffs
13 April Beijing urged Trump’s administration to take decisive measures to de-schooling the situation. A Chinese official demanded a complete abolition of mutual tariffs stored by the US, which has now reached a stunning 145%. A Chinese Ministry of Trade spokesman said in a statement quoted by AFP: “We call on the US to take a big step to correct their errors, completely canceled the wrong practice of” reciprocal tariff “and returned to the right way of respect.”
In spite of optimism, no conversations are planned
Despite the escalating tension, the White House says that President Trump remains “optimistic” to achieve a business agreement. However, US sales representative Jamieson Greer said on CBS that “we have no plans” for interviews between Trump and XI.
Greer added that the administration is several other countries. “We work continuously, day and night, share paper, accept offers and provide feedback,” he said.
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China is pushing back, urging us to change the course
After a sharp decline in the US stock markets 5th April, which caused Chinese announcements of retaliatory tariffs, a spokesman for the Chinese Foreign Ministry Guo Jiakun called on Washington to reconsider his approach. “Now it is time for the US to stop doing bad things and solve differences with business partners through consultations with the same foot,” Guo said on social media.
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