China calls Trump's new tariff threat 'a mistake upon a mistake' and looks for opportunity in global trade war

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China calls Trump's new tariff threat 'a mistake upon a mistake' and looks for opportunity in global trade war

//business-finance.news-articles.net/content/202 .. d-looks-for-opportunity-in-global-trade-war.html

Published in Business and Finance on Saturday, April 19th 2025 at 10:00 GMT by CNN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

As countries around the world scramble to negotiate concessions from US President Donald Trump's escalation last week of a global trade war, China has taken a different tack.

China has criticized former U.S. President Donald Trump's proposal to impose a 60% tariff on Chinese goods if he wins the 2024 election, labeling it as a "mistake upon a mistake" that would harm the U.S. economy and global trade. Chinese state media and experts argue that such tariffs would increase costs for American consumers and businesses, potentially leading to higher inflation and economic instability. They also suggest that China is prepared to retaliate and is seeking new trade opportunities amidst the ongoing global trade tensions, emphasizing the country's resilience and adaptability in the face of such challenges.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/markets/china-calls-trump-s-new-tariff-threat-a-mistake-upon-a-mistake-and-looks-for-opportunity-in-global-trade-war/ar-AA1CqyFW ]

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