China calls US trade actions 'shocking', 'totally unacceptable'
Beijing, July 11 : China on Wednesday expressed "shock" and solemn protest against the US' announcement of fresh tariffs, calling it "totally unacceptable".
The US on Tuesday listed $200 billion worth of additional products it intended to place tariffs on as soon as September. The move followed just days after the two countries imposed tit-for-tat tariffs of $34 billion on each other's goods
Washington said that the new tariffs of 10 per cent were adopted in retaliation for Beijing's response to the first set of taxes imposed by the US administration.
In response, a spokesperson of China's Commerce Ministry said: "The US has unveiled the list of tariffs in an escalating manner. This is totally unacceptable, and we express our solemn protest against this."
"By doing this, the US is hurting China, hurting the whole world and hurting itself. The irrational act goes against the will of the people.
"China is shocked by what the US did. To defend the core interests of the nation and the fundamental interests of the people, the Chinese government will, as always, be forced to take necessary countermeasures.
"In the meantime, we appeal to the international community to jointly defend free trade rules and the multilateral trade regime and fight trade bullying," the spokesperson was quoted as saying by Xinhua news agency.
China said it will "immediately lodge an additional complaint with the WTO over the unilateral acts of the US".
The US list named more than 6,000 items including food products, minerals and consumer goods such as handbags.
The public will have until the end of August to comment on the list before the new tariffs come into effect.
Asian stock markets fell sharply on Wednesday as investors shunned risk amid escalating trade tensions between the two economic giants.
In China, Hong Kong's Hang Seng index dropped 1.6 per cent, while the Shanghai Composite fell 2 per cent. Japan's benchmark Nikkei 225 index shed 1.2 per cent.
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Mangaluru man duped of Rs 10.55 lakh in Instagram ‘digital gold’ investment scam
Mangaluru: A 57-year-old man has allegedly been cheated of Rs 10.55 lakh by online fraudsters who lured him into investing in a so-called digital gold trading platform through Instagram, Deccan Herald reported on Tuesday.
According to the complaint, the victim was browsing Instagram at his residence on November 12, 2025, when he received a message from an account named “Suhani Patel.” The accused initiated a friendly conversation and later persuaded him to invest in the “digital gold market,” promising high returns.
The accused subsequently shared a mobile number and sent a link via WhatsApp, asking the complainant to install an application called “Kanak Daam Exchange.” Following the instructions, the victim downloaded the app and registered.
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The accused told the complainant that all transactions would be handled through the app’s customer service. Following their instructions, the complainant contacted the customer service through the app and sent a message requesting US dollars in exchange for Indian rupees. He was then directed to transfer money to specific bank accounts provided by the accused.
Trusting the claims, the complainant transferred Rs 1,50,000, Rs 3,45,000 and Rs 5,60,000 in multiple transactions, amounting to a total of Rs 10,55,000.
Subsequently, the app displayed that his total investment had grown to Rs 60 lakh. However, when he attempted to withdraw the amount due to personal financial needs, the request was denied. On contacting customer service, he was informed that he would have to pay 30 per cent of the total amount as “tax” before any withdrawal could be processed.
Growing suspicious, the complainant reportedly consulted officials at Canara Bank, who advised him that it was a fraud and warned him not to transfer any more money. When he confronted the accused, the amount displayed in the app was allegedly reduced to zero, and he was blocked from further communication.
Despite further attempts to contact “Suhani Patel,” the accused allegedly continued to assure him that the lost money would be returned, before eventually blocking him.
The complainant stated that he was cheated between November 12, 2025 and February 27, 2026, and has urged police to take action against the fraudsters.
A case has been registered, and further investigation is underway.
