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As trade tensions with the United States reach new heights, China has issued a firm rebuke to the Trump administration’s proposed tariffs of up to 245% on Chinese imports, dismissing the measures as a “tariff numbers game” and vowing not to yield to external pressure.
In a strongly worded statement, Beijing emphasized that any future trade negotiations must be rooted in “mutual respect and equality,” a direct rebuttal to what it views as increasingly aggressive and unilateral actions by Washington.
The proposed tariffs, aimed at a wide range of Chinese goods, mark the latest escalation in the economic conflict between the world’s two largest economies.
The consequences of the looming tariffs are already rippling through key sectors. TikTok Shop, one of China’s leading digital commerce platforms operating in the US. has experienced a sharp decline in weekly sales - from $290 million to under $200 million in just two weeks. Analysts say the plunge underscores the fragility of cross-border e-commerce in an era of intensifying protectionism.
“This isn’t just a policy threat - it’s already altering business behavior and shaking investor confidence,” said Liu Wei, a trade economist based in Shanghai. “What we’re seeing now is the beginning of a wider decoupling.”
In response to the growing strain with the US., China is rapidly recalibrating its global economic strategy. President Xi Jinping is currently on a diplomatic tour of Southeast Asia, with recent stops in Vietnam and Malaysia, and ongoing talks in Cambodia. The trip reflects a clear pivot toward regional trade integration and economic cooperation within Asia.
“Unity and autonomy are critical for Asia’s future,” Xi said during a joint press conference in Kuala Lumpur. “We must build resilient supply chains and open markets within our region, rather than rely on external powers that seek to divide us.”
The Southeast Asia tour is seen as a strategic push to solidify China’s influence in the region and build alternative trade partnerships as ties with Washington grow more strained. Beijing’s efforts include proposed upgrades to the Regional Comprehensive Economic Partnership (RCEP) and new bilateral deals focused on digital trade, green energy, and infrastructure.
Analysts say China’s shift away from US-centric trade patterns marks a defining moment in the global economic order.
“Beijing is signaling that it’s not going to play by Washington’s rules anymore,” said Karen Matsuda, a political analyst at the East Asia Strategy Institute. “This isn’t retreat - it’s realignment.”
As the tariff standoff continues with no signs of resolution, global markets are bracing for further uncertainty. But it does seem that China is not backing down - it’s looking elsewhere.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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