ANI
21 Apr 2025, 11:07 GMT+10
Beijing [China], April 21 (ANI): Amid the ongoing trade war, China on Monday has warned that it firmly opposes any trade deals with the United States at the expense of Beijing's intests, state media reported, adding that it will slap countermeasures in 'resolute and reciprocal manner' against coutries which strive to 'appease' Washington.
Under the guise of so-called 'reciprocity,' the United States has been recently arbitrarily imposing tariffs on all its trading partners while pressuring them to engage in so-called 'reciprocal tariff' negotiations, an official spokesperson for China's Ministry of Commerce said, according to Xinhua news agency.
The spokesperson was responding to reports that the United States is preparing to pressure other countries to restrict trade ties with China in exchange for tariff exemptions.
'This is essentially using the banner of 'reciprocity' as a pretext to pursue hegemonic politics and unilateral bullying in the field of international economy and trade,' the spokesperson said as per the Chinese media outlet.
While the Donald Trump administration has imposed 10 per cent tariff on various countries, it has put duties of upto 145 per cent on many products from China. Beijing has retaliated by slapping duties of 125 per cent on US goods.
The Chinese spokesperson said that pursuing short-term, self-serving interests by harming others' interests in exchange for so-called 'exemptions' is akin to making a pact with the tiger for its skin - it will ultimately leave all parties empty-handed, harming others without benefiting oneself, the spokesperson said as cited in the Global Times.
China warned against international trade returning to the 'law of the jungle' and said that it is willing to strengthen solidarity and coordination with all parties, join hands to deal with them, jointly resist unilateral bullying, safeguard its legitimate rights and interests, and defend international justice. (ANI)
Get a daily dose of Baton Rouge Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baton Rouge Post.
More InformationNEW YORK CITY, New York: Archer Aviation has announced plans to start an air-taxi service in New York City, working with United Airlines....
TAIPEI, Taiwan: Taiwan's TSMC reported stronger-than-expected first-quarter earnings on Thursday, driven by booming demand for AI-related...
LONDON - Google is facing a multibillion-pound legal challenge in the UK over allegations it misused its dominance in online search...
Lyft is making its first move into Europe with the purchase of mobility platform FreeNow, a nearly $200 million deal that signals a...
NEW DELHI - India is preparing to scrap import taxes on U.S. ethane and liquefied petroleum gas (LPG) as part of ongoing trade negotiations...
TOKYO, Japan: Facing the pressure of new U.S. tariffs, Honda is weighing a shift in its production strategy that could see more of...
WASHINGTON, DC - A Trump administration early retirement plan at the Internal Revenue Service has been accepted by more than 22,000...
WASHINGTON, D.C. President Donald Trump's administration wants to cut the State Department's budget by nearly half, according to documents...
Beijing [China], April 21 (ANI): Amid the ongoing trade war, China on Monday has warned that it firmly opposes any trade deals with...
Islamabad [Pakistan], April 21 (ANI): Jamaat-e-Islami (JI) chief Hafiz Naeemur Rehman has strongly condemned Israel for its ongoing...
New Delhi [India], April 21 (ANI): US Vice President JD Vance on Monday arrived at Palam airport for his first official visit to India....
Ukrainian troops fired US-made HIMARS rockets instead of observing the ceasefire, the Russian Foreign Ministry said Ukraine failed...