The Chinese government has strongly reacted to the statement by US President Donald Trump about imposing a 100 percent additional tariff on Chinese products. This was reported by Zamin.uz.
Beijing called this move American hypocrisy. The Chinese Ministry of Commerce announced that if Trump's threats are carried out, they will take retaliatory measures.
Officials emphasized that they do not want a trade war but are not afraid of it. Trump criticized China for restricting the export of rare earth metals and indicated that he might cancel the planned meeting with President Xi Jinping.
Following Trump's remarks, US stock markets declined. China accused the US of exerting pressure under the pretext of national security.
This situation is further escalating tensions in trade relations between the two countries. Negotiations between the parties are ongoing, but no agreement has been reached so far.
Experts warn that this situation could also impact the global economy. Therefore, the parties are trying to increase mutual understanding.
