Overview

• China has denounced countries seeking tariff concessions from the U.S., labeling such actions as harmful to its interests and warning of reciprocal countermeasures.
• The U.S. imposed tariffs of up to 145% on Chinese imports, with some goods, like electric vehicles, facing duties as high as 245%, leading to China's 125% retaliatory tariffs on U.S. goods.
• A 90-day suspension of higher U.S. tariffs on most trading partners has pushed several nations, including India, into negotiations with Washington.
• The Chinese Ministry of Commerce criticized U.S. ‘unilateralism’ and warned against a global order dominated by protectionism, likened to the 'law of the jungle.'
• U.S. Vice President JD Vance is in India for high-level talks with Prime Minister Narendra Modi to address proposed U.S. tariffs of up to 26% on Indian exports.