
The trade war between China and America has started. Both countries are face to face on tariff. China has made it clear that it will fight against this policy of America till the end. American tariff will never be accepted. Donald Trump first imposed a 20 percent tariff on Chinese goods.
Trump got irritated by China's response
For the second time, Trump announced an additional 34 percent tariff against China on April 2. But in response, China also imposed a 34 percent tariff on American goods. Donald Trump got angry with this retaliatory action of China. He announced an additional 50 percent tariff on Chinese goods in America. So far, America has imposed a total tariff of 104 percent on China. This war between the two largest economies of the world has increased the possibility of economic recession.
China is fully capable of handling this
Chinese Premier Li Keqiang responded to Trump's tariff policy in a conversation with European Commission President Ursula von der Leyen on Tuesday. He said China is fully capable of dealing with any negative external shocks. He expressed hope that the world's second-largest economy will maintain sustained and healthy economic growth in 2025 despite Trump's tariff threat.
Cooperation is in everyone's interest
Li Qiang said that China's strong response is to protect its interests as well as international trade rules. He said that US tariffs are an example of unilateralism, protectionism and economic pressure. According to a Bloomberg report, Li Qiang said that protectionism will lead nowhere. Openness and cooperation in the economy is in everyone's interest.
will fight till the end
Li further said that China's macroeconomic policies this year have fully taken into account various uncertainties. This means that China has already made preparations to deal with Trump's tariffs. On the other hand, China's Commerce Ministry said that we will fight till the end. The Chinese Foreign Ministry accused America of economic bullying and destabilizing the world's economies.
Preparations underway to ban Hollywood movies
Meanwhile, news is coming that China has prepared to take retaliatory action against Trump's tariff. Two big Chinese bloggers gave information about the steps to be taken against America. Under this, Chinese officials are preparing to take strict action against America. China can impose tariff on America's agricultural products and ban Hollywood films.
--Advertisement--