BANGKOK — China firmly rejected the United States’ recent trade threats on Monday, demanding that President Donald Trump retract his call for a 100% tariff on all Chinese imports. This escalation follows the United States announcing new export control measures over the weekend, coinciding with China’s implementation of stricter restrictions on rare earth minerals, crucial components in electronics.
The tariff threat marks a significant moment in the ongoing trade war between the two nations. Trump described China’s announcement as an “out of the blue” move, prompting his administration to respond with the tariff proposal. While he did not rescind the economic threat, Trump adopted a more conciliatory tone in a post on Truth Social, stating, “The U.S.A. wants to help China, not hurt it!!!”
China’s Response and Trade Implications
In response, China’s Ministry of Commerce issued a detailed statement on Sunday, criticizing the United States for “severely damaging the atmosphere of trade negotiations.” Lin Jian, a spokesman for the Ministry of Foreign Affairs, urged the U.S. to “promptly correct its erroneous practices.” He warned that if the United States continues on its current path, China would take “resolute measures to safeguard its legitimate rights and interests.”
Both nations have employed various strategies in the trade conflict, ranging from U.S. restrictions on advanced computer chip imports to China halting purchases of American soybeans. These retaliatory measures have contributed to a noticeable impact on bilateral trade.
Recent economic indicators highlight the consequences of the trade war. According to Chinese trade data released on Monday, exports to the United States have declined for six consecutive months, plummeting by 27% in September compared to the same period last year. This decline underscores the mounting pressures on both economies as they navigate the complexities of their trade relationship.
The situation remains fluid, with potential repercussions for global markets as both nations weigh their next moves. Observers continue to monitor developments closely, particularly as both sides grapple with the economic implications of their ongoing disputes.