China Criticizes Trump’s Tariff ‘Blackmail’ Amid Market Turmoil
China has sharply criticized former U.S. President Donald Trump's tariff policies, labeling them as 'blackmail' amid ongoing market turmoil. The criticism comes in response to Trump's recent statements about imposing new tariffs on Chinese goods, which have stirred significant unrest in global markets. According to reports from AP News, The New York Times, The Guardian, and Reuters, China's Ministry of Commerce expressed strong opposition to these proposed tariffs, arguing that they violate international trade norms and could lead to further economic instability.
The backdrop to this tension is a series of trade negotiations that have failed to reach a consensus, exacerbating the already strained U.S.-China relations. Trump's tariff threats are seen as a continuation of his administration's hardline stance on trade, which has been a hallmark of his economic policy. The Chinese government has warned that such actions could provoke retaliatory measures, potentially escalating into a full-blown trade war.
Market analysts are closely watching the developments, as the proposed tariffs could have far-reaching implications for global trade dynamics. The situation remains fluid, with both sides engaging in a war of words that could have significant economic repercussions worldwide.
Related issues news
Does China tariff the United States?
So far, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products.
What is Trump?
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump. Official portrait, 2025. 45th & 47th President of the United States.
What is the tariff in the USA?
A tariff or duty (the words are used interchangeably) is a tax levied by governments on the value including freight and insurance of imported products. Different tariffs applied on different products by different countries.
When did tariffs on China start?
On June 15, Donald Trump released a list of $34 billion of Chinese goods to face a 25% tariff, starting on July 6. Another list with $16 billion of Chinese goods was released, with an implementation date of August 23.
Can you Like
