China has vehemently opposed the U.S. tariffs announced by President Trump, which increase taxes on certain Chinese products to 45 percent. The Chinese government expressed dissatisfaction and announced plans for countermeasures, possibly targeting U.S. agricultural goods. While Trump believes China's retaliation will be limited, analysts warn that the magnitude of the trade conflict could have detrimental effects on both economies. This trade war escalation reflects ongoing tensions, starting from Trump's early actions against imports from Canada, Mexico, and China in his administration.
China's Ministry of Commerce expressed strong dissatisfaction with new tariffs announced by President Trump, indicating that countermeasures would be taken to protect its interests.
The Global Times reported that Beijing is studying and formulating strong countermeasures against the U.S. tariffs that likely include taxing U.S. agricultural products.
Trump has increased tariffs on certain Chinese products to a total of 45 percent, marking a significant escalation in the ongoing trade conflict between the U.S. and China.
Analysts suggest that Trump's expectation of minimal retaliation from China may overlook the gravity of the situation, potentially posing risks to both economies involved.
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