China says it will 'fight to end' after Trump threatens to impose still more tariffs
Beijing (AP): China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
The Commerce Ministry said the US' imposition of “so-called reciprocal tariffs'” on China is “completely groundless and is a typical unilateral bullying practice.”
China has taken retaliatory tariffs and the ministry hinted in its latest statement that more many be coming.
“The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,” the ministry said. “The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end.”
Trump's threat Monday of additional tariffs on China raised fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war. Stock markets from Tokyo to New York have become more unstable as the tariff war worsens.
Trump's threat came after China said it would retaliate against US tariffs he announced last week.
“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote on Truth Social. “Additionally, all talks with China concerning their requested meetings with us will be terminated!”
If Trump implements his new tariffs on Chinese products, US tariffs on Chinese goods would reach a combined 104%. The new taxes would be on top of the 20% tariffs announced as punishment for fentanyl trafficking and his separate 34% tariffs announced last week. Not only could that increase prices for American consumers, it could also give China an incentive to flood other countries with cheaper goods and seek deeper relationships with other trading partners, particularly the European Union.
Trump frequently bragged about stock market gains during his first term, and the threat of losses on Wall Street was viewed as a potential guardrail on risky economic policies in his second term. But that hasn't been the case, and Trump has described days of financial pain as necessary.
“I don't mind going through it because I see a beautiful picture at the end,” he said.
Trump officials have frequently appeared on television to make the case for his policies, but none of their explanations has calmed the markets. The only improvement came from a false report that top economic adviser Kevin Hassett said Trump was considering a pause on all tariffs except for China. Stock prices spiked before the White House denied it was true by calling the post “fake news.”
China is one of the US's top trading partners, especially for consumer goods, and the tariffs — essentially a tax on imports paid by US companies — will eventually be passed on to the consumer.
Federal Reserve Chair Jerome Powell warned Friday that the tariffs could increase inflation, and he said, “There's a lot of waiting and seeing going on, including by us,” before any decisions would be made.
European Commission President Ursula von der Leyen said the European Union would focus on trade with other countries besides the United States, saying there are “vast opportunities” elsewhere.
US total goods trade with China were an estimated $582 billion in 2024, making it the top trader in goods with the US The 2024 deficit with China in goods and services trade was between $263 billion and $295 billion.
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Blueprint for Cauvery aarti will be ready in a week: Karnataka Dy CM DK Shivakumar
Mandya (Karnataka), Apr 25 (PTI): Karnataka Deputy Chief Minister D K Shivakumar on Friday said a blueprint for the Cauvery aarti programme would be ready within a week, with plans to start it this Dasara.
Addressing a press conference after a meeting with elected representatives and officials on the Cauvery aarti, he said, "We have formed a committee, led by Minister Chaluvaraya Swamy, to work out the modalities. This committee will prepare the blueprint in the next 8-10 days. We’ve discussed the broad contours of the aarti with our leaders and officials."
"The committee includes members from Chescom, the Tourism department, the Muzrai department, two DCs, two local MLAs, MLCs, Zilla Panchayat CEOs, and BWSSB members. Irrigation Department officials will create the necessary infrastructure," he added.
Cauvery Aarti (Puja) is part of the Karnataka government's efforts to promote water conservation. The dates have not been announced yet.
The state government has decided to allocate Rs 92 crore for the Cauvery aarti, with contributions from other departments as well.
"We are creating seating for about 10,000 people. The committee will decide how many days the aarti will be held. Different departments have submitted reports on their respective activities, and we’ll incorporate them into the final plan," he said.
The government has already called for tenders to upgrade Brindavan Gardens at the KRS (Krishna Raja Sagara Dam).
"We’ve also decided to form a Planning Authority with four panchayats. This won’t affect their functioning; the authority will only focus on planning and ensure that the proceeds from the project benefit these panchayats," he added.
Shivakumar said that seven firms have come forward to develop Brindavan Gardens, and discussions are underway.
"We’ve made it a condition for bidders to prioritize local employment," he said.
Responding to a question about when the Cauvery aarti programme would be launched, he said, "I’m keen to launch it this Dasara, and we’ve formed a committee to prepare the blueprint. Let’s see how fast the committee submits its plans."
Asked about the location for the aarti, he said, "We’ve inspected potential sites and consulted the technical committee. The location must be close to water, with sufficient space for parking, seating, and accommodations for artists. Boating will also be included. The committee will decide."
When asked if there would be entry tickets for the event, he said, "There will be both paid and free entry options. We can’t deny entry to poor people, and there will be an option for the public to offer prayers."
On allegations that the aarti could harm the KRS dam, he said, "We will discuss this with the organisations opposing it. They may have doubts, and we’ll address them."
Regarding concerns over encroachment and pollution of the Cauvery River, he said, "All dams have been surveyed using drones and marked for maximum levels. The department has been instructed to audit the assets."
