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China’s Warning For Countries Making Trade Deals With US

Nearly 50 countries had approached Washington for exemption from tariffs

China said it would take “reciprocal” and “resolute” counteraction against any country which gets into any trade deal with the US at the cost of Chinese interests. This comes as both countries are in the midst of a trade war.

The message came from China’s Ministry of Commerce in response to reports that the Trump administration is pressuring nations seeking tariff relief from the US to reduce trade ties with China. The ministry said in a statement, “China firmly opposes any party reaching a deal at the expense of China’s interests.”

Beijing’s statement followed a Bloomberg report that Washington is preparing to impose monetary sanctions on countries that fail to comply with its demands to limit trade with China. The Trump administration recently put a pause to sweeping tariffs on dozens of countries, except for China, which remains subject to the steepest levies under the US ‘liberation day’ campaign for reclamation of manufacturing and to tighten trade rules.

US tariffs on China reached 145%, meanwhile Beijing in a bid to fight back has put retaliatory duties on the US, as reported by Reuters. China has said its across-the-board tariff rates will not go upward anymore.

“Appeasement will not bring peace, and compromise will not be respected,” said China’s commerce ministry as quoted by The Guardian. “To seek one’s own temporary selfish interests at the expense of others’ interests is to seek the skin of a tiger.”

The ministry further stated that such strategies would “ultimately fail on both ends and harm others”, and said that China remains capable of defending its economic rights.

In recent weeks, US Trade Representative Jamieson Greer said nearly 50 countries had approached Washington for exemptions from the increased tariffs. Reuters reported that Japan is considering increasing US soybean and rice imports while Indonesia plans to boost American food and commodity purchases while reducing orders from other trading partners.

Amidst these shifting trade alliances, Chinese President Xi Jinping embarked on a tour of Southeast Asia last week to reinforce regional economic ties. In an article published in Vietnamese media, Xi stated: “There are no winners in trade wars and tariff wars,” though he refrained from directly mentioning the United States.

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