104% Tariffs: China’s Premier Li Qiang Vows Retaliation, Warns Trump of Long Trade Battle
Video Credit: Oneindia - Duration: 03:11s - Published
104% Tariffs: China’s Premier Li Qiang Vows Retaliation, Warns Trump of Long Trade Battle
China’s Premier Li Qiang has fiercely responded to the U.S. imposing 104% tariffs on Chinese goods, calling the move unilateral and protectionist.
As Trump intensifies the trade war with additional layers of tariffs, Li asserts China can fully offset the impact using strong policy tools.
With $438B in exports at stake, the battle escalates.
China is pivoting toward the EU, warning of severe U.S. market volatility.
As Beijing fights “to the end,” the global economic tension hits a new peak.
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U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident that a deal is imminent in the coming weeks. He indicated a "number" that would make China comfortable, but the tariffs continue to cause market uncertainty and global recession fears. With China offering exemptions for critical goods, businesses hope these measures will ease tensions and stabilize supply chains. But, Beijing is prepared for a long-term fight if necessary.
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