US EditionChina warns US of countermeasures if Trump doesn’t walk back 100% tariff threat
The tariff hike to 130% targets China's export controls on rare-earth minerals critical for U.S. tech and defense, marking the highest U.S. tariff on Chinese goods in decades.
- Trump's comments on October 10 prompted a 2.7% drop in the S&P 500 index, marking its steepest decline since April.
- A spokesperson for China stated that the U.S. has 'overstretched the concept of national security' and may face 'countermeasures'.
- China asserted it is 'not afraid' of a potential trade war if Trump follows through on tariffs.
- China labeled U.S. actions as 'discriminatory practices' that harm its interests and affect trade talks.
346 Articles
346 Articles
China has insisted it is undaunted by a trade war after Trump threatened 100% tariffs on its imports. Tensions escalated after China tightened its exports of rare earths and imposed new rules on US vessels.
Nasdaq Dips Over 800 Points Following Trump's Tariff Threats On China: Investor Sentiment Declines, Greed Index Moves To 'Fear' Zone - Advanced Micro Devices (NASDAQ:AMD)
Sharp decline in market sentiment as Fear & Greed Index falls to Fear zone on Friday. Stocks dip due to Trump's tariff threat on China.
China vows to stand firm on Trump's tariff threat
BEIJING — China signaled on Sunday that it would not back down in the face of a 100% tariff threat from President Donald Trump and urged the United States to resolve differences through negotiations instead of threats.
The Straits Times
Trump's reignited trade war with China clouds IMF, World Bank meetings
WASHINGTON - Finance chiefs gathering in Washington this week were ready to discuss the global economy's surprising resilience in the face of Donald Trump's tariff assaults - until the U.S.-China trade war erupted again with the U.S. president threatening 100% duties on Chinese imports and sending markets into a tailspin. Read more at straitstimes.com.
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