China on Monday warned other countries against making trade deals with the United States to China�s detriment.
Governments including those of Taiwan, Japan and South Korea have begun negotiations with Washington after President Donald Trump announced sweeping tariffs against almost all of America�s trading partners on April 2. The import taxes were quickly paused against most countries after markets panicked, but he increased his already steep tariffs against China.
�China firmly opposes any party reaching a deal at the expense of China�s interests,� China’s Commerce Ministry said in a statement. �If this happens, China will never accept it and will resolutely take countermeasures in a reciprocal manner. China is determined and capable of safeguarding its own rights and interests.�
U.S. Treasury Secretary Scott Bessent said earlier this month the countries currently negotiating trade deals with the U.S. should �approach China as a group� together with Washington.
The U.S. tariffs against other countries are economic bullying, the ministry said in the statement attributed to an unnamed spokesperson.
�Appeasement cannot bring peace, and compromise cannot win respect,� it added. �For one�s own temporary selfish interests, sacrificing the interests of others in exchange for so-called exemptions is like seeking the skin from a tiger. It will ultimately only fail on both ends and harm others without benefiting themselves.�
China said it�s open to talks with Washington but no meetings have been announced.
Trump made China the target of his steepest tariffs, imposing several rounds of tariffs totaling 145% duties on Chinese imports. Beijing has retaliated with tariffs of 125% on U.S. imports.
The tariffs have spooked exporters and stalled shipments, while threatening to drag on the global economy.
(AP)