Trade Tensions Escalate as Beijing Slams 'Economic Bullying'
The Chinese government has denounced newly announced U.S. tariffs as 'unilateral protectionism,' pledging decisive measures to protect national interests amid growing trade friction. In a Saturday statement, authorities characterized Washington's 10% baseline tariffs – effective April 5 and 9 – as moves undermining global economic stability.
Reciprocal Measures Implemented
China will impose matching 34% tariffs on U.S. imports starting April 10, directly responding to what it calls America's 'zero-sum approach' prioritizing domestic interests over multilateral cooperation. Analysts suggest the move highlights Beijing's commitment to counter perceived trade restrictions targeting its economic growth.
Global Trade Order at Stake?
The statement warned that U.S. policies risk destabilizing international trade frameworks, emphasizing that 'such actions face widespread global opposition.' While specific impacted industries remain unspecified, the escalation signals potential supply chain disruptions that could concern businesses and investors across Asia.
