China issued a stern warning to countries negotiating trade deals with the US that could harm Chinese interests. The Ministry of Commerce condemned Washington's use of tariff exemptions as leverage, labeling it economic intimidation and a violation of international norms.
Since February, the US has imposed a 145% tariff on Chinese imports, raising the overall tax burden to approximately 156% in many cases. This is further compounded by tariffs implemented during previous administrations, reaching up to 245% on some goods.
China responded by imposing a 125% tariff on US products, expanding its list of "unreliable" companies, restricting rare earth exports, and controlling several firms due to potential military applications. They also plan to reduce Hollywood film imports.
Many countries are preparing to negotiate tariff reductions with the US, but China remains subject to US export tariffs. Other nations may face reciprocal tariffs in July if they don't reach agreements before a 90-day moratorium expires. The US is pressuring over 70 trading partners to limit ties with China.
Vietnam, a major economy potentially affected, is strengthening controls on Chinese goods transiting to the US. The US may also impose secondary tariffs on countries with strong ties to China.
While Japan, South Korea, and Taiwan are negotiating to mitigate export impacts, high-level talks between China and the US remain stagnant. China emphasizes its determination to defend its rights and coordinate with other nations to resist unilateral intimidation.