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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CEC orders immediate arrest of those involved in post-poll violence in Bengal: Official
Kolkata (PTI): Chief Election Commissioner Gyanesh Kumar directed the authorities concerned to immediately arrest those involved in post-poll violence and vandalism in West Bengal, an official said on Wednesday.
The Election Commission's directive came after two persons were killed in alleged incidents of post-poll violence in the state on Tuesday, besides scores of party offices being ransacked.
The CEC issued instructions to the West Bengal chief secretary, director general of police, Kolkata police commissioner and directors general of central armed police forces, along with all district magistrates, superintendents of police and other officials, to maintain continuous patrolling in sensitive areas, he said.
"Those responsible for inciting violence and carrying out acts of vandalism must be arrested immediately," the official said, quoting the CEC's instruction.
The chief election commissioner also stressed the need for swift and firm enforcement of the law, he added.
This directive came amid concerns over law and order in parts of the state, with the Election Commission closely monitoring the situation, he added.
"We have been asked to remain on high alert and ensure that any attempt to disturb peace is dealt with firmly," a senior police officer said.
The state authorities have intensified vigil across districts, with coordinated efforts between the police and central forces to prevent any untoward incident, he added.
The assembly elections were held in West Bengal in two phases - April 23 and 29. The counting of votes took place on May 4.
The BJP sealed a landslide victory with 207 seats in the 294-member assembly, ending the TMC's uninterrupted 15-year rule in the state.
