The Chinese Commerce Ministry issued a forceful rebuke on Tuesday against U.S. proposals to impose 50% additional tariffs on select imports, calling the move 'a mistake on a mistake' that risks exacerbating economic friction between the two powers.
In a sharply worded statement, the ministry urged Washington to 'immediately rectify its wrong practices' and lift all existing unilateral tariffs. The remarks come amid ongoing trade disputes that have rattled global markets and strained supply chains across Asia and beyond.
'China hopes the U.S. can resolve disagreements through dialogue based on mutual respect,' the statement added, reaffirming Beijing's preference for diplomatic solutions. Observers warn the tariff escalation could impact multinational businesses with operations in both countries, particularly in technology and manufacturing sectors.
The development underscores deepening economic competition between the world's two largest economies, with analysts noting potential implications for ASEAN markets and international investors monitoring cross-Pacific trade policies.
