China has issued a stern warning to the United States, urging President Donald Trump to "stop threatening and blackmailing" over escalating tariffs. This statement follows Trump's recent remarks suggesting that it is up to Beijing to resolve the intensifying trade conflict.
Chinese Foreign Ministry spokesperson Lin Jian emphasized that if the U.S. genuinely seeks to resolve the issues through dialogue, it should cease exerting extreme pressure and engage with China on the basis of equality, respect, and mutual benefit.
The trade tensions have escalated significantly, with the U.S. imposing tariffs up to 145% on Chinese goods, and China retaliating with tariffs reaching 125% on American imports. These measures have led to increased economic instability, affecting global markets and supply chains.
In response to the ongoing dispute, China has appointed Li Chenggang as its new trade negotiator, replacing Wang Shouwen. Li, known for his experience with the World Trade Organization, is expected to advocate for free trade and represent China's interests in future negotiations.
As the situation develops, both nations remain entrenched in their positions, with analysts warning of the broader implications for the global economy if a resolution is not reached.