Hong Kong – China said Tuesday that “will fight until the end” if President Donald Trump imposes an additional 50% rate on Chinese products, since many countries rush to negotiate trade with the United States.
If the plan is completely implemented, the total tariffs of imported goods to the United States from China would be to 104%. In response, the Chinese Ministry of Commerce said that China “firmly opposes” Trump’s tariff threats, calling its previous “completely justified” previous courses.
“If the United States insists in its own way, China will fight until the end,” said the ministry in a statement on Tuesday, adding that Trump’s threat to intensify tariffs on China is an “error in an error.”
The China Ministry of Foreign Affairs did not immediately respond to a request for comments on Tuesday on Trump’s threat of an additional 50%rate.
Trump threatened with the new 50% duty in China, starting Wednesday, if Beijing does not withdraw its 34% tariffs on all US goods. UU. On Tuesday, which China imposed in reprisals for levies on Chinese products that the Trump administration announced last week.
“In addition, all conversations with China about their meetings requested with us will be fired!” Trump wrote Monday about Truth Social. “Negotiations with other countries, which have also requested meetings, will begin to take place immediately.”
Beijing retaliation rates are scheduled to enter into force on Thursday.
The Ministry of Commerce urged the United States to cancel all unilateral tariff measures against China and resolve commercial disputes through dialogue.
“Pressure and threats are not the correct way to deal with China,” he said. “China reiterates that there are no winners in a commercial war, and protectionism does not lead anywhere.”
“China will take decidedly countermeasures to safeguard their own interests,” he added.
The actions in Continental and Hong Kong increased increased on Tuesday when Beijing hastened to stabilize their markets in panic on Trump’s rates, with funds backed by the Chinese state that commit to buy local actions.
The Hang Seng index in Hong Kong rose around 1.58% at 12:10 pm local time (12:10 am ET on Tuesday) after its greater decrease of a single day in almost three decades after China’s retaliation against the CSI 300 chip index of Chip of China in China in China increased 0.9% after a pen of 7% on Monday.
China will respond to Trump with the same 50% duties if it comes with its threat, said Andy Xie, an independent economist in Shanghai.
“If Trump wants to take you to hell, you take him with you,” Xie said about China’s possible response in a telephone interview on Tuesday.
Xie said she believes that Beijing has concluded that the commitment will only lead to more Trump pressure. “China can’t go back anymore,” he said.
The tariff threat of 50% of Trump does not make much difference, Xie added, since Chinese products have already faced more than 70% of the American tasks accumulated since Trump’s first mandate.
China has decreased its dependence on the US market, with its exports to the US. UU. Falling to 14.7% in 2024, below 19.2% in 2018 when Trump began the commercial war with the second largest economy in the world, according to the state media in the country.
“Porcelain [and] The United States will be decoupled. It’s a matter of time, “Xie said.” You have to bite the bullet. “
Trump said on Sunday that China could obtain a reduction in tariffs if it approves an agreement to sell American Tiktok operations. He confirmed reports that China and the United States had been “quite close” to an agreement on the application to share videos, but said Beijing retired due to the additional 34% rate announced on Chinese products last week.
“If you gave a small cut in rates, they would approve that agreement in 15 minutes, which shows you the power of tariffs,” journalists on Air Force One told journalists.
However, the president seemed to go back, saying that he is not looking to stop his tariffs on China before entering into force on Wednesday, despite agitation in the stock market and global economic fears.
