March 04, 2025, China, Beijing: Lin Jian, spokesperson for the Chinese Ministry of Foreign Affairs, answers questions from journalists.
Johannes NEUDECKER | Photo alliance | Getty images
The Chinese Foreign Ministry reiterated on Wednesday that Beijing took “resolved and energetic” measures to protect its own interests, after total net prices of 104% on Chinese imports to the United States took effect.
“If the United States really wants to solve the problem by dialogue and negotiation, this should show an attitude of equality, respect and mutual services,” said spokesman for the Ministry of Foreign Affairs, Lin Jian, during a regular press point.
Tuesday comments from the Ministry of Commerce, Lin said that “if the United States insists to fight against a pricing war and a trade war, China” would fight definitively until the end “.
Last Friday, the Chinese finance ministry announced 34% additional prices on all goods imported from the United States from April 10, in retaliation for Trump imposing new 34% samples from China.
The prices at the top of the edge followed two previous cycles of prices from 10% to 15%, mainly targeting agricultural and energy products imported from the United States
According to Dan Wang, Chinese Director of Eurasia Group, Trump prices effectively eliminate the profits of Chinese exporters once American import rights have successfully made the 35%mark. After that, Chinese exporters will not sell in the United States, she said.
In a separate white paper published Thursday by the State Council Information Office, the Chinese Authority said that “if the United States insists to further increase its economic and commercial restrictions, China counter-counter and fight the United States until the end,” said CNBC.
“The United States uses prices such as a weapon to exert extreme pressure and seek selfish interests. It is a typical act of unilateralism, protectionism and economic intimidation,” said Beijing in the white paper.
The Chinese administration has added that the increase in prices would not contribute to the problems of American commercial surplus, but will rather arouse great volatility in the financial markets, exacerbate inflationary pressure and undermine the American industries.
Nevertheless, Beijing said he hoped that the United States “would meet halfway” and immediately lifted unilateral trade barriers, while reiterating its opening to strengthen dialogue, manage difference and stimulate collaboration.
China allegedly allegedly fulfilled the conditions of the “phase 1” trade agreement that Trump concluded with Beijing during his first presidential mandate, while saying that the United States has violated certain mandates of the agreement. CNBC contacted the White House to comment on these statements.
The agreement forced China to accelerate the purchases of American products of $ 200 billion over a period of two years, but Beijing did not achieve its objectives as a COVVI-19 pandemic hit.
