Xi ready to clash with Trump’s tariffs: 54% levy sparks Beijing’s fury | U.S. ready for retaliation?
Video Credit: Oneindia - Duration: 04:55s - Published
Xi ready to clash with Trump’s tariffs: 54% levy sparks Beijing’s fury | U.S. ready for retaliation?
China is hitting back after Trump’s massive 54% tariffs on all Chinese imports to the U.S., escalating a fierce trade war between the world’s two largest economies.
Beijing has condemned the move as "unilateral bullying" and vowed strong retaliation to protect its economic interests.
With tensions at an all-time high, will this lead to an all-out trade showdown?
Watch how China plans to counter Trump’s aggressive trade policies!
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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Trump claims meeting with China after Beijing denies any trade negotiations
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
READ MORE : http://www.euronews.com/2025/04/25/trump-claims-meeting-with-china-after-beijing-denies-any-trade-negotiations
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Credit: euronews (in English) Duration: 01:16Published
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