The post China Accuses U.S. of “Economic Bullying” as Trade Tensions Escalate appeared on BitcoinEthereumNews.com.

Economy China and USA trade war escalates even further, and there doesn’t seem to be any positive resolution in sight. In a sharp escalation of the ongoing trade dispute, China has raised tariffs on U.S. imports from 84% to 125%, effective April 12, 2025. This move comes in direct response to President Donald Trump’s recent decision to increase tariffs on Chinese goods to 145%. The Chinese government has labeled the U.S. tariff strategy as “economic bullying” and a “joke,” further straining bilateral relations. ​ The Chinese Ministry of Commerce issued a statement condemning the U.S. actions, stating:​ “The successive imposition of excessively high tariffs on China by the U.S. has become nothing more than a numbers game, with no real economic significance. It merely further exposes the U.S. practice of weaponizing tariffs as a tool of bullying and coercion, turning itself into a joke.” ​ Chinese officials have indicated that they will not respond to any further U.S. tariff hikes, suggesting that additional measures would be economically meaningless. However, they have also warned of potential countermeasures if the U.S. continues to harm China’s interests. The trade war has had significant impacts on global markets, with European markets showing mixed reactions and Asian stock indices experiencing declines. Economists warn of potential economic disruptions if the trade tensions continue to escalate. ​ In the U.S., the administration’s tariff policies have faced both support and criticism. President Trump maintains that these measures are essential to address unfair trade practices and protect American industries. However, critics argue that the tariffs disproportionately affect consumers and may lead to unintended economic consequences. ​ As the trade conflict intensifies, both nations face increasing pressure to find a resolution that addresses their respective concerns without further destabilizing the global economy. The coming weeks will be critical in determining…

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Filed under: News - @ April 11, 2025 1:28 pm