China warns Trump’s tariff war will have ‘no winners’ as deadline looms
China issues fresh warning over Trump’s trade war
- Chinese vice president Han Zheng warned against tariff and trade wars, stating there would be no winners, as Beijing and Washington intensify efforts to resolve their disputes.
- The Chinese commerce ministry expressed hope that the US would continue to meet it halfway to maintain stable bilateral trade and economic relations, which were impacted by tariffs imposed by Donald Trump.
- China had retaliated against tariffs by suspending exports of critical minerals and magnets but committed to removing these restrictions during trade talks in Geneva.
- A breakthrough occurred in London, where both sides agreed on a framework to implement the Geneva agreement, leading to the US lifting some restrictive measures against China.
- While a trade truce means China avoids higher levies after the pause on Donald Trump's tariffs ends, experts suggest his trade deals with other countries might still indirectly target China .