Trump’s 60% tariffs will ‘backfire’ on US and drive up prices, China warns
Wang noted that China’s total foreign trade including imports and exports reached 36 trillion yuan (nearly $5 trillion) in January-October, up about 5% from the same period of 2023.
Trump tariffs to backfire, China says
Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.
China urges ‘positive dialogue’ with US as Trump’s threatened tariffs loom large
Deputy commerce minister also warns of tariffs’ adverse effects on the country imposing them, while pointing to China’s economic ‘resilience’ in face of external shocks.
China ‘willing’ to engage in Trump dialogue as it backs exporters
China is willing to engage in positive dialogue with the US,” Wang Shouwen, international trade representative and vice-minister of commerce, said when asked about the expected Trump tariffs. “At the same time,
China opens door to dialogue as Trump plans steep tariffs
China is ready for dialogue with the United States. President-elect Donald Trump announced the introduction of high tariffs on Chinese products. According to experts, tariffs on Chinese imports might reduce the growth of the world's second-largest economy by 1 percentage point.
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