Brief by Shorts91NewsDesk / 08:48am on 21 Apr 2025,Monday Business
China has cautioned nations seeking exemptions from U.S. tariffs under President Donald Trump not to compromise Chinese interests. The Ministry of Commerce emphasized that appeasement won't ensure peace and warned against deals that sacrifice others for temporary gains. This follows reports of the U.S. urging trade partners to reduce imports from China in exchange for tariff relief. While Trump has paused certain tariffs for 90 days, he has increased duties on Chinese goods up to 145%, prompting China to retaliate with 125% tariffs on U.S. exports. China labeled the U.S. approach as "hegemonic politics" and called for global unity against unilateral bullying to uphold international fairness and justice. (PC: Investopedia & The Diplomat)
