Trading partners will not "sit still" with new US tariffs

On March 18, Chinese media warned that the new round of tariffs, set to take effect in April 2025, would harm the US economy , while also leaving open the possibility of retaliation from Beijing.

In February and March 2025, China swiftly implemented countermeasures as President Trump's two rounds of tariffs took effect. (Source: The Guardian)

Specifically, the Global Times stated: "Trade partners will not sit idly by with the US tariffs and will retaliate by imposing high tariffs on US exports, which could become an option for many countries."

The newspaper noted: "Many countries are actively seeking to diversify their economic partnerships and reduce their dependence on the US by establishing new trade alliances."

Just two months after returning to the White House, US President Donald Trump initiated trade conflicts with China, Canada, Mexico, and the European Union (EU).

He threatened that Washington would impose retaliatory tariffs on all countries that tax its imports, with the tariffs potentially taking effect as early as April 2nd.

In February and March 2025, Beijing swiftly implemented countermeasures as President Trump's two rounds of tariffs took effect.

Specifically, in response to the US's 20% tariff on Chinese goods, the world's second-largest economy imposed tariffs of 10-15% on agricultural and food exports from the US, restricted exports and investment for 25 companies, suspended soybean import licenses for 3 companies, and halted timber imports from the world's number one economy.

In addition, the Northeast Asian nation is also conducting investigations into several American fiber optic cable products.

Source: https://baoquocte.vn/truyen-thong-trung-quoc-cac-doi-tac-thuong-mai-se-khong-ngoi-yen-voi-dot-thue-quan-moi-cua-my-308028.html