Donald Trump issues BIG statement on China: ‘US doesn’t want to…’
China on Saturday promised countermeasures against Washington if US President Donald Trump follows through on his threat to impose new 100% tariffs on Chinese imports. Trump’s latest threat comes after China imposed a series of export restrictions on rare earth minerals last week.
Xi Jinping and Donald Trump.
US President Donald Trump sought to ease tensions with China on Sunday, saying Chinese President Xi Jinping is respected. Trump said in a post on Truth Social that the United States wants to help China. “Don’t worry about China, everything will be fine! The highly respected President Xi has had a bad moment. He doesn’t want a depression for his country, and neither do I. The US wants to help China, not hurt it!!! President DJT.” In its post on X, the White House said, “It is impossible to believe that China would make such a move, but they did, and the rest is history. Thank you for your interest in this issue!”
Earlier on Saturday, China promised countermeasures against Washington if US President Donald Trump follows through on his threat to impose new 100% tariffs on Chinese imports, CNN reported. Trump’s latest threat comes after China imposed a series of export restrictions on rare earth minerals last week. Rising tensions threaten to derail months of progress in trade talks. “Resorting to threats of high tariffs is not the right way to engage with China,” a Commerce Ministry spokesman said on Sunday, in Beijing’s first comment on the threat. “If the US continues to act unilaterally, China will resolutely take relevant measures to protect its legitimate rights and interests,” the spokesman added. “Our stance on a tariff war is consistent; we don’t want one, but we don’t fear one either,” according to CNN.
Rapidly escalating trade tensions between the world’s two largest economies have sunk stocks and rattled investors and industries, sparking fears of a repeat of the tit-for-tat tariff war in the spring when tariffs on Chinese and American imports rose to around 145% and 120%, respectively. This also adds new uncertainties to the ongoing trade talks between the two countries. Trump and Chinese leader Xi Jinping were expected to hold a highly anticipated meeting in South Korea in two weeks, but Trump cast doubt on the meeting taking place, citing the rare earth issue, CNN reported.
(Except for the title, this news has not been edited by the DNA team and is published from ANI news agency).
