China’s Commerce Ministry said it would ‘resolutely take countermeasures’ if harmed by trade deals with the US
China warned on Monday that it will take strong “countermeasures” if countries strike trade deals with the US that damage Beijing’s interests.
It comes after Taiwan, Japan, and South Korea began talks with Washington following President Donald Trump’s reciprocal tariff announcement on April 2.
While some tariffs were paused, the US raised duties on Chinese imports to 145%. China retaliated with 125% tariffs.
China’s Commerce Ministry said it would “resolutely take countermeasures” if harmed. The ministry called US tariffs “economic bullying” and urged others not to trade away China’s rights.
Talks with the US remain possible, but none are scheduled as tensions continue to rattle global markets.
Meanwhile, Chinese stocks showed little movement, but investors remain cautious. ASEAN, China’s top trading partner, reached $234 billion in trade this year. Southeast Asia is now caught in the middle, as the global tariff war shows no sign of easing.