China has urged the US to stop weaponizing trade issues and foster a global atmosphere of economic prosperity. The two countries are at loggerheads at Trump imposed 10% tariffs on goods entering America. The Xi Jinping administration retaliated by imposing tit-for-tat tariffs ranging from 10% to 15% on different products.

Also Read: Cryptocurrency: 3 Memecoins Predicted To Hit Peaks In March

Goods from the US, including American crude oil, agricultural machinery, and large-engine cars, face tariffs when entering China. The development has disrupted the normal flow of trade making the stock and commodity market investors experience the jitters. Gold is having a run in the charts as institutional funds are taking entry positions to hedge against trade uncertainties.

Also Read: Nvidia Stock: ‘Golden Opportunity’ for Top Investors Ahead of NVDA Earnings Report

Stop Weaponizing Trade Issues, China Urges the US

China
Source: Business Telegraph

Chinese Embassy to the US spokesman Liu Pengyu urged the US to foster economic inclusiveness and cooperation between trade partners. Pengyu said that tariffs destabilize the supply chain and do not benefit anyone but lead to uncertainty and price rises. The global market is already facing the heat of tariffs and the end consumer might soon foot the extra bill.

Also Read: AI Predicts Ripple (XRP) Price For March 1st 2025

“China urges the US side to stop politicizing and weaponizing economic and trade issues and foster necessary conditions for the economic and trade cooperation between the two countries,” said Pengyu to Tass.

Pengyu stated that the US is deliberately politicizing global trade and China opposes the draconian concept of extended tariffs. “To overstretch the concept of national security and deliberately obstruct normal economic and trade exchange for political agenda contravenes the principles of market economy, fair competition, and free trade, which the US claims to champion,” he said.

The spokesman added that US policies do not serve anyone’s interests but only lead to an increase in spending. “Such moves also destabilize global industrial and supply chains and do not serve any party’s interests,” he summed it up.

Also Read: Dolce & Gabbana’s $1 Million Digital Suit Now Fractionalized—Own a Slice of High Fashion

  • china
  • Tariffs
  • Trade
  • USA