Trump escalates tariff war with China: "Prepare for war"
The echoes have not quieted since Donald Trump imposed substantial tariffs on products from China. The American president even stated that his country should prepare "in case of war." Beijing warns the U.S. against using such rhetoric.
Donald Trump imposed significant tariffs on Chinese products, reaching up to 145%. In response, Beijing decided to implement retaliatory tariffs, set at 125%.
The President of the United States was not deterred by China's response. Moreover, Trump is already announcing additional tariffs. He aims to include pharmaceuticals from China, among other things. He explains that his country must be ready "for war." He also mentions an economic war with the Chinese.
Donald Trump told reporters that their medications would be manufactured in the United States, ensuring the country wouldn't need to depend on China or other nations in the event of war or another crisis. He emphasized that relying on foreign sources is not an ideal approach.
Beijing sharply responded to Donald Trump's comments. Chinese President Xi Jinping, during his trip to Vietnam, stated that this approach by the United States could have far-reaching consequences for the global economy.
"There are no winners in a trade war, or a tariff war,". "Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment." - Xi Jinping conveyed, as reported by the "Daily Mail".
Americans are, in turn, concerned about China's actions, which have suspended the export of rare earth metals, among other things. This could have a very negative impact on the American automotive and technology industries.
