China has fired back at the United States, condemning President Donald Trump’s latest tariff ultimatum as “blackmail nature,” according to a statement from the Ministry of Commerce on Tuesday.
The rebuke came a day after Trump warned Beijing of an additional 50% tariff if it doesn’t reverse its retaliatory duties on U.S. goods — a threat that has further strained already tense trade ties between the world’s two largest economies.
Calling Washington’s threats “a mistake on top of a mistake,” a ministry spokesperson urged the U.S. to return to dialogue, stressing that disputes should be resolved “on an equal footing and with mutual respect.”
The sharp rhetoric underscores how far the two powers remain from any resolution. The tit-for-tat measures have already triggered volatility in global markets and disrupted supply chains across multiple industries.
Trump’s escalating pressure is part of a wider push to secure what he calls “fair trade” with China, while Beijing has vowed to defend its interests without yielding to pressure.
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U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."
A new London exhibition invites visitors into the vibrant world of late Italian designer Gianni Versace, showcasing over 450 iconic pieces worn by celebrities and models alike.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Two student pilots were killed when two single-engine training aircraft collided mid-air in southern Manitoba, Canadian authorities confirmed on Tuesday.
NATO Secretary General Mark Rutte is warning that major economies like Brazil, China, and India could face serious consequences if they continue trading with Russia, as the U.S. steps up pressure with fresh sanctions and weapons support for Ukraine.
The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."
The European Union did not reach agreement on its 18th sanctions package against Russia on Tuesday, EU foreign policy chief Kaja Kallas confirmed following a meeting of foreign ministers in Brussels.
Russia, Iran, and China are increasingly involved in life-threatening activities on British soil—including attacks and kidnappings—often carried out by criminal networks or, in some cases, by children, according to two senior UK counterterrorism officials.
Australian Prime Minister Anthony Albanese met with Chinese President Xi Jinping in Beijing, affirming that both countries will keep communication channels open and explore cooperation opportunities despite ongoing strategic rivalry in the Indo-Pacific region.
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