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China vows retaliation if US imposes additional 50% tariffs on its goods

Business Standard LogoBusiness Standard1w ago

China vows retaliation if US imposes additional 50% tariffs on its goods - Business Standard

Quick Summary:

China’s embassy in Washington also criticised the US threats, stating that this is “not the correct way” to engage with Beijing and emphasising that China will defend its national interests.

An editorial in the Chinese Communist Party’s official newspaper this week said Beijing is no longer actively seeking a trade agreement with the US, though it remains open to negotiations.

Citing a White House official, Bloomberg noted that the new 50 per cent tariff would be in addition to the previously announced 34 per cent “reciprocal” tariff introduced on April 2, as well as the 20 per cent tariff imposed earlier this year.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 08:50:06 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27702586

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 300 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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