China shrugs off new Trump tariffs but bruising trade war looms
Monday, 3 February 2025 () Beijing (AFP) Feb 2, 2025
Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday. The US President on Saturday announced sweeping measures against major trade partners, with goods from China facing an additional 10 percent tariff on top of the duties they already endure. Trump said the me
President Trump declared an economic emergency so that he could place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.
Donald Trump’s tariffs on Mexico, Canada, and China have sparked a fierce global trade war. Beijing condemns the U.S. actions as a violation of WTO rules and prepares countermeasures, while Canada..
The US president on Sunday repeated his warning that the EU and UK could both face trade tariffs, days after announcing tariffs against Canada, Mexico and China.
Credit: euronews (in English) Duration: 01:20Published
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Monday, 3 February 2025 ()
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