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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.
Liverpool confirmed direct qualification to the UEFA Champions League round of 16 with a 6-0 win over Qarabağ at Anfield in their final league-phase match. Despite the setback, Qarabağ secured a play-off spot, with results elsewhere going in the Azerbaijani champions’ favour on the final matchday.
China is supplying key industrial equipment that has enabled Russia to speed up production of its newest nuclear-capable hypersonic missile, an investigation by The Telegraph has found, heightening concerns in Europe over Moscow’s ability to threaten the West despite international sanctions.
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (28 January), as it toppled trees, damaged homes, and disrupted road and rail traffic before moving inland to Spain.
Russian President Vladimir Putin said he was ready to assist in rebuilding Syria’s war-damaged economy as the country's interim President Ahmad al-Sharaa made his second visit to Moscow in less than four months on Wednesday (28 January).
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 28 January, covering the latest developments you need to know.
The European Commission has announced €153 million ($183 million) in emergency aid for Ukraine, alongside €8 million ($9.5 million) to support Moldova, which hosts large numbers of Ukrainian refugees.
U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communist-run island.
Burkina Faso’s military-led government has dissolved all political parties and ordered their assets transferred to the state under a decree adopted by the authorities.
Bangladesh and Pakistan on Thursday resumed direct flight services after 14 years, marking a milestone in the revival of relations between the two Muslim-majority nations.
Truck drivers in two of the four Balkan states protesting against the EU’s tightened entry-exit rules stepped back on Thursday, easing some pressure on major cargo routes, while colleagues in Bosnia and Serbia kept their lines of trucks in place.
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