The article details the escalating trade war between the US and China, focusing on the threat by US President Donald Trump to impose an additional 50% tariff on Chinese imports. This would bring the total tariff to 104%.
China has firmly rejected this threat, stating it will retaliate to protect its interests. Their response includes imposing tariffs of 34% on US products and restricting rare earth exports. Chinese officials have emphasized that these measures are legitimate and aimed at safeguarding national interests and development.
Spokespeople from China's Ministry of Commerce and Ministry of Foreign Affairs have issued strong statements condemning the US actions as blackmail and a violation of WTO rules. They have repeatedly stated China's willingness to negotiate but only on equal terms. China's official newspaper, the People's Daily, called on the nation to weather the storm and transform the challenge into a strategic opportunity.
Despite the escalating tensions, there has been no high-level communication between US and Chinese leaders, indicating a lack of direct diplomatic efforts to de-escalate the situation. The Chinese President, Xi Jinping, has maintained a calm public image, contrasting with the verbal activity from Washington.
While acknowledging the potential economic impact of the tariffs, Chinese officials maintain that the situation is manageable and that the country is prepared to face the consequences. They highlight China's ability to concentrate resources on important tasks.