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The Chinese Ministry of Commerce issued a statement on Tuesday in response to the latest American threat to escalate definitions on China.
Main quotes
The United States threatens to escalate the definitions of China, “a mistake in addition to an error.”
China will never accept the “nature of blackmail” for the United States.
Urging US To correct its “wrong practices” immediately, abolish all unilateral tariff measures against China.
Conflict firmly and counter -measures will take if the United States enacted an additional 50 % tariff.
If the American side is determined to own its own way, the Chinese side will follow it to the end.
Market reaction
After these anti -China threats, Aud/USD Her recovery stopped near 0.6030. The pair is currently trading at 0.6015, and it still rises by 0.52 % a day.
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With the emergence of Trump, the American trade war and China aim to resume the place where it was left, with policies for corrections that affect global economic records in nutrition in nutrition.
