Beijing has demanded that Washington completely eliminate its reciprocal tariffs as the trade war escalates. Following the US announcement of exemptions from tariffs on consumer electronics, China stated this was a small but positive step in addressing President Trump's previous practices of imposing high tariffs. With retaliatory tariffs now in effect from China, concerns grow over the implications of this ongoing trade conflict for both economies and global markets. The US Commerce Secretary indicated that additional tariffs might proceed, with fears of long-term trade war effects causing economic uncertainty.
Beijing has called on Washington to fully cancel its reciprocal tariffs amidst a trade conflict, urging the US to correct its past mistakes and negotiate in good faith.
The recent tariff exemptions by the US on consumer electronics has been interpreted by China as a corrective action, albeit a minor one, to counteract previous high tariffs imposed by the Trump administration.
Collection
[
|
...
]