China warned Monday it would retaliate against countries aligning with the U.S. in ways that undermine Beijing’s interests, escalating tensions as the trade war expands beyond bilateral ties. The warning follows reports that the Trump administration plans to pressure allied nations to curb dealings with China using tariff negotiations. Trump recently paused tariff hikes on U.S. partners but raised duties on Chinese imports to 145%. China responded with 125% tariffs on American goods and new export restrictions. Officials accused the U.S. of “unilateral bullying” and vowed to defend international fairness. Analysts see little chance of a deal soon, despite Trump’s recent optimism.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02China warned Monday it retaliated against countries aligning with the U.S.
00:06in ways that undermine Beijing's interests, escalating tensions as the trade war expands
00:10beyond bilateral ties. The warning follows reports that the Trump administration plans
00:16to pressure allied nations to curb dealings with China using tariff negotiations. Trump
00:21recently paused tariff likes on U.S. partners but raised duties on Chinese imports to 145%.
00:27China responded with 125% tariffs on American goods and new export restrictions.
00:33officials accused the U.S. of unilateral bullying and vowed to defend international fairness.
00:38Analysts see little chance of a deal soon despite Trump's recent optimism.
00:41For all things money, visit Benzinga.com slash GSTV.