China Warns US of Countermeasures Amid Trump’s Tariff Threat
The ongoing trade dispute between the United States and China has intensified, with Beijing issuing a strong warning to Washington following President Donald Trump’s threat to impose 100% tariffs on Chinese imports. This latest escalation has raised concerns about the potential disruption of recent progress in trade talks and the resulting impact on global markets.
Rising Trade Tensions and Potential Repercussions
The Chinese Ministry of Commerce responded to Trump’s threat, asserting that high tariffs are not a productive approach in dealing with China. A spokesperson for the Ministry emphasized that Beijing would take resolute countermeasures to protect its interests if the US unilaterally proceeds with the tariff plan. The spokesperson reiterated China’s aversion to a tariff war while simultaneously asserting its preparedness for one. This exchange follows China’s earlier move to restrict rare earth mineral exports, further exacerbating trade tensions. The escalating dispute has already negatively impacted global markets, causing stock prices to fall and unsettling investors and industries. This situation could have significant ramifications for African tech and trade, as the continent often relies on trade relations and investment from both the US and China for technological advancement and economic growth.
Keywords
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