China has reaffirmed its stance against unilateral trade measures following the U.S. administration’s decision to raise tariffs on Chinese goods by 34%, vowing to implement reciprocal measures while calling for international collaboration to address escalating trade tensions.
The Chinese Foreign Ministry criticized the U.S. move as a violation of international trade rules and an infringement on China’s rights, stating it “represents a typical act of unilateral bullying.” These remarks highlight Beijing’s growing frustration with what it perceives as Washington’s disregard for global economic norms.
“This practice of the U.S. does not conform to international trade rules and seriously undermines China’s legitimate rights and interests,” the ministry said.
The announcement triggered immediate turbulence in U.S. markets, with the Dow Jones, S&P 500, and Nasdaq plunging 9.2%, 10.5%, and 11.4%, respectively, over two trading days. Analysts warn of cascading effects, including inflation spikes and job losses, as businesses and consumers face higher costs.
While the U.S. frames its tariff strategy as economic “liberation,” experts question its efficacy. China’s emphasis on mutual respect and multilateral cooperation has positioned it as a stabilizing force, contrasting with Washington’s combative approach. Observers note that Beijing’s measured response aligns with its advocacy for global institutions to mediate disputes.
As trade tensions ripple through global supply chains, stakeholders from industries to financial markets await clarity on whether diplomacy can yet avert further escalation.
