In a significant escalation, China has announced that it will decide on its trade countermeasures against the United States 'in due course' following President Trump's recent announcement of a new temporary tariff of 15% on U.S. imports from all countries. This comes after the Supreme Court's ruling that invalidated many of Trump's previous tariffs, including the 20% tariffs on imports from China under the International Emergency Economic Powers Act. A Chinese commerce ministry official stated, 'China has consistently opposed all forms of unilateral tariff measures and urges the U.S. side to cancel unilateral tariffs and refrain from further imposing such tariffs.' The upcoming sixth round of U.S.-China economic and trade talks is expected to facilitate discussions on these issues, with Trump set to visit China from March 31 to April 2 for talks with President Xi Jinping, as reported by Business Recorder.
POLITICS
China'S Trade Countermeasures Against Us Tariffs Amid Talks
48% NEUTRAL
China plans trade countermeasures against the U.S. after Trump's new tariffs. This complicates India's trade talks, as delays and political tensions heighten uncertainty in negotiations.
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BRbrecorder.com
SCMPscmp.com
PPprofit.pakistantoday.com.pk
THtribune.com.pk
NLnukta.com
TFPthefrontierpost.com
PNNpakistannews.net
YT