EconomyLens.com
No Result
View All Result
Thursday, July 3, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

China says on ‘right side of history’ in trade standoff with US

Andrew Murphy by Andrew Murphy
April 28, 2025
in Other
Reading Time: 4 mins read
A A
2
20
SHARES
249
VIEWS
Share on FacebookShare on Twitter

US President Donald Trump has imposed 10 percent tariffs on most US trading partners and a separate 145 percent levy on many products from China. ©AFP

Beijing (AFP) – A top Chinese economic official on Monday said Beijing was on the “right side of history” in its gruelling trade war with the United States. Since returning to the White House in January, US President Donald Trump has imposed 10 percent tariffs on most US trading partners and a separate 145 percent levy on many products from China. Beijing has responded with 125 percent tariffs of its own on US goods.

Related

As US stocks hit records, experts see the dollar falling further

UN expert says firms ‘profiting’ from ‘genocide’ of Palestinians

Hidden gem: Angola opens up to tourists in a pivot from oil

Stocks climb as strong US jobs data soothes growth worries

UK’s Starmer backs finance minister after tears in parliament

Speaking in Beijing at a news conference at which officials vowed greater steps to shield China’s flagging economy from the impact of the standoff, senior economic planner Zhao Chenxin said Beijing was “on the right side of history.” “We firmly believe that if you are against the world and the truth, you will only isolate yourselves,” Zhao said. “Only by travelling with the world and with morality can we win the future,” he added.

The United States, he said, “play cards out of thin air, bully and go back on their word,” condemning Washington’s “unilateralism and bullying.” US Treasury Secretary Scott Bessent on Sunday defended Trump’s tumultuous tariff policy — which has sent shivers through markets — as a way of creating “strategic uncertainty” that gives Washington the upper hand.

When asked about Bessent’s comments, Beijing on Monday said that the US should approach dialogue with China in a “fair, respectful and reciprocal” manner. “If the US really wants to solve the problem through dialogue and consultation, it should stop its threats and extortion,” foreign ministry spokesman Guo Jiakun said at a regular news conference.

Dozens of countries face a 90-day deadline expiring in July to strike an agreement with Washington and avoid higher, country-specific rates. Beijing, however, has vowed to fight a trade war “to the end” and denied US claims it is in talks with Washington. But it has acknowledged global economic vicissitudes have strained its economy, long dependent on exports.

“External pressures are increasing,” said Yu Jiadong of China’s labour ministry on Monday. “The US imposition of successive high-tariff measures has created production and operation challenges for some export-oriented companies and impacted some workers’ jobs,” he said.

© 2024 AFP

Tags: ChinatariffsTrade War
Share8Tweet5Share1Pin2Send
Previous Post

Stock markets mostly rise amid trade talk hopes

Next Post

Italy bank merger wave heats up as Mediobanca eyes Banca Generali

Andrew Murphy

Andrew Murphy

Related Posts

Other

Tesla reports lower car sales, extending slump

July 3, 2025
Other

US-Vietnam trade deal sows new China standoff

July 3, 2025
Other

Stocks rise, dollar dips ahead of US jobs data

July 3, 2025
Other

In US capital, Trump tariffs bite into restaurant profits

July 3, 2025
Other

US stocks back at records as oil prices rally

July 3, 2025
Other

US senator urges bribery probe over Trump-Paramount settlement

July 3, 2025
Next Post

Italy bank merger wave heats up as Mediobanca eyes Banca Generali

China says on 'right side of history' in trade standoff with US

Smart driving new front in China car wars despite fatal crash

Foreign carmakers strive for 'China Speed' to stay in race

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

World Bank’s IFC ramps up investment amid global uncertainty

July 3, 2025

South American bloc looks to Asia, Europe in face of Trump trade war

July 3, 2025

UN expert says firms ‘profiting’ from ‘genocide’ of Palestinians

July 3, 2025

Trump wins major victory as Congress passes flagship bill

July 3, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.