Trump’s 60% tariffs will ‘backfire’ on US and drive up prices, China warns
Wang noted that China’s total foreign trade including imports and exports reached 36 trillion yuan (nearly $5 trillion) in January-October, up about 5% from the same period of 2023.
Senior Chinese official warns that any future US tariff hikes will backfire
Responding to a reporter's question about US President-elect Donald Trump's plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang Shouwen said that would "not solve the country’s own trade deficit problem". Wang said: "On the ...
Trump tariffs to backfire, China says
Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.
Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
Responding to a reporter's question about U.S. President-elect Donald Trump's plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang Shouwen said that would "not solve the country’s own trade deficit problem.” “On the contrary ...
U.S. tariff hikes will backfire, says China’s commerce official
A commerce official says that not only will U.S. tariff hikes backfire, but that China's economy would be able to weather the impact.
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China offers olive branch as Trump plans high tariffs
Chinese authorities expressed their willingness to engage in active dialogue with the U.S. on the principles of mutual ...
China urges ‘positive dialogue’ with US as Trump’s threatened tariffs loom large
Deputy commerce minister also warns of tariffs’ adverse effects on the country imposing them, while pointing to China’s ...
China says it is willing to talk with US to push forward bilateral trade
China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the ...
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Bridging Trade Gaps: China-US Business Relations
China's Vice Commerce Minister Wang Shouwen emphasized the mutual benefits of stable trade relations between China and the ...
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Steps to aid foreign trade unveiled
To ensure the stable growth of foreign trade, China has rolled out a set of measures to foster a more enabling climate for ...
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'China ready to manage differences with US'
Vice Commerce Minister Wang Shouwen said China is ready to engage in dialogue and manage differences with the United States ...
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Global Times: China vows to promote steady growth of foreign trade
Officials from five Chinese departments including the Ministry of Commerce (MOFCOM), the Ministry of Foreign Affairs and the People's Bank of China vowed to promote the steady growth of foreign trade ...
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China Vows to Help Firms Export More Despite Growing Backlash
Beijing will provide financial and diplomatic help for exporting companies, said Wang Shouwen, the Chinese international ...
China to boost cross-border e-commerce to fuel industrial chains: MOFCOM
Cross-border e-commerce is an effective force in international trade, and so is cross-border e-commerce in China, China ...