China Says US ‘Extremely Shameless’ Tariff War Will Backfire
As tensions continue to rise between both sides, China has warned that US President Donald Trump’s tariff war will backfire. Indeed, a top Chinese official called the nation’s actions “extremely shameless” as an ongoing trade war continues to ramp up between both sides.
Xia Baolong, a senior Chinese official, said that the reciprocal tariff actions would leave “those peasants in the US” wailing, speaking on Tuesday. Moreover, he referred to the United States’ decision to increase its import duties on the US to 145% as “brutally unreasonable.”
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— Watcher.Guru (@WatcherGuru) April 15, 2025China says the United States "extremely shameless" tariff war will backfire soon.
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China Calls Out Trump Tariffs as Trade War Looms
The global economy was hit with a massive whirlwind in April as US President Donald Trump announced his Liberation Day tariff plan. The move would institute a 10% baseline import tax on all countries. After the dire response in US markets, the plan was paused for 90 days; however, there was one exemption.
The administration doubled down on its actions against China, increasing the tariff to 145%. With a trade war seemingly looming, tensions have risen greatly between both sides. Now, China has warned that the “extremely shameful” Trump tariff plan will backfire, according to a New York Post report.
Also Read: No Insider Trading at the White House? Hassett Breaks Silence
Chinese official Xia Baolong, who oversees Hong Kong and Macao, did not mince words when reacting to the tariff plan. Indeed, he noted that the move was “brutally unreasonable” in a statement. Moreover, the implications of the decision and the response could be monumental.
In an investor note published Friday, UBS discussed how the move could impact globalization. “The United States appears to be decoupling from the world, and the world may be decoupling from the United States,” they wrote. Additionally, they noted their expectations that the tariffs on China would “effectively sever that trading relationship.”
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China Says US ‘Extremely Shameless’ Tariff War Will Backfire
As tensions continue to rise between both sides, China has warned that US President Donald Trump’s tariff war will backfire. Indeed, a top Chinese official called the nation’s actions “extremely shameless” as an ongoing trade war continues to ramp up between both sides.
Xia Baolong, a senior Chinese official, said that the reciprocal tariff actions would leave “those peasants in the US” wailing, speaking on Tuesday. Moreover, he referred to the United States’ decision to increase its import duties on the US to 145% as “brutally unreasonable.”
JUST IN:
— Watcher.Guru (@WatcherGuru) April 15, 2025
Also Read: Trump Says EU Must Come Forward to Negotiate New Trade Deal
China Calls Out Trump Tariffs as Trade War Looms
The global economy was hit with a massive whirlwind in April as US President Donald Trump announced his Liberation Day tariff plan. The move would institute a 10% baseline import tax on all countries. After the dire response in US markets, the plan was paused for 90 days; however, there was one exemption.
The administration doubled down on its actions against China, increasing the tariff to 145%. With a trade war seemingly looming, tensions have risen greatly between both sides. Now, China has warned that the “extremely shameful” Trump tariff plan will backfire, according to a New York Post report.
Also Read: No Insider Trading at the White House? Hassett Breaks Silence
Chinese official Xia Baolong, who oversees Hong Kong and Macao, did not mince words when reacting to the tariff plan. Indeed, he noted that the move was “brutally unreasonable” in a statement. Moreover, the implications of the decision and the response could be monumental.
In an investor note published Friday, UBS discussed how the move could impact globalization. “The United States appears to be decoupling from the world, and the world may be decoupling from the United States,” they wrote. Additionally, they noted their expectations that the tariffs on China would “effectively sever that trading relationship.”
Read More
Celsius Lawsuit Against Tether for $4 Billion in Bitcoin Will Proceed in the US