Overview

• China's Ministry of Commerce has announced it will take 'resolute and reciprocal' countermeasures against countries that make trade deals with the U.S. at China's expense.
• The U.S. has imposed tariffs of up to 145% on Chinese imports, with China retaliating with 125% tariffs on U.S. goods.
• The Trump administration is reportedly pressuring allies, including Japan, South Korea, and Taiwan, to reduce trade with China in exchange for tariff exemptions.
• China has accused the U.S. of economic bullying and warned that such tactics could destabilize global trade and harm all parties involved.
• Despite escalating tensions, both the U.S. and China claim to be open to dialogue, though no formal negotiations have been confirmed by Beijing.