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.
Senior Chinese official warns that any future US tariff hikes will backfire
Responding to a reporter's question about US President-elect Donald Trump's plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang Shouwen said that would "not solve the country’s own trade deficit problem". Wang said: "On the ...
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.
Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
Responding to a reporter's question about U.S. President-elect Donald Trump's plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang Shouwen said that would "not solve the country’s own trade deficit problem.” “On the contrary ...
U.S. tariff hikes will backfire, says China’s commerce official
A commerce official says that not only will U.S. tariff hikes backfire, but that China's economy would be able to weather the impact.
Conflict Watcher on MSN7h
China offers olive branch as Trump plans high tariffs
Chinese authorities expressed their willingness to engage in active dialogue with the U.S. on the principles of mutual ...
Finance & Commerce23h
China can manage ‘external shocks’ of U.S. tariffs, senior official says
Trucks and engineering vehicles await transportation from a port in Yantai in eastern China's Shandong province, on Nov. 19.
China says it is willing to talk with US to push forward bilateral trade
China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the ...
devdiscourse1d
Bridging Trade Gaps: China-US Business Relations
China's Vice Commerce Minister Wang Shouwen emphasized the mutual benefits of stable trade relations between China and the ...
Yahoo1d
China Vows to Help Firms Export More Despite Growing Backlash
Beijing will provide financial and diplomatic help for exporting companies, said Wang Shouwen, the Chinese international ...
How China Could Weaken the US Dollar
China has shown it can "operate as an alternative manager of dollar liquidity right in the heart of the petrodollar system," ...
香港電台網站1d
'China ready to manage differences with US'
Vice Commerce Minister Wang Shouwen said China is ready to engage in dialogue and manage differences with the United States ...
China to boost cross-border e-commerce to fuel industrial chains: MOFCOM
Cross-border e-commerce is an effective force in international trade, and so is cross-border e-commerce in China, China ...