Chinese state media warned on Tuesday that the United States could suffer significant economic harm as other countries retaliate against its tariffs with “high tariffs” on American goods.
Barely two months into his new term, Trump has already set off a chain reaction by imposing tariffs on imports from China, Canada, Mexico, and the European Union. In addition, the administration is threatening reciprocal tariffs on any country that taxes US imports, with these levies potentially coming into effect as early as April 2.
“In response to U.S. tariffs, its trading partners will not sit idly by,” the Global Times editorial declared, suggesting that retaliatory measures could include steep tariffs on US exports. The publication added that many countries might opt for such high tariffs as a means to counteract America’s aggressive trade policies.
China has already launched a series of countermeasures in February and March. These actions include imposing retaliatory levies on US agricultural and food exports, enforcing export and investment curbs on 25 US firms, suspending soybean import licenses for three US companies, halting imports of US logs, and even launching investigations into certain US fibre optic products.
To mitigate the impact of these external shocks on its domestic economy, China’s commerce ministry is reportedly preparing a series of measures to help foreign companies based in China expand their sales within the country. This comes as many nations seek to diversify their economic partnerships and reduce reliance on the United States by forging new trade alliances.
The escalating trade tit-for-tat reflects deepening global concerns about the US approach to trade policy, with critics warning that such reciprocal actions could ultimately hurt American industries and consumers. As the international community braces for a potential new wave of tariffs, the coming weeks could prove pivotal in shaping the future of global trade relations.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, covering the latest developments you need to know.
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