China Urges Trump to “Stop Doing the Wrong Thing” Amidst Trade Tensions

Following a significant downturn in US markets, attributed to China’s recent imposition of reciprocal tariffs, Chinese Foreign Ministry Spokesperson Guo Jiakun has issued a statement urging the United States to reconsider its trade policies. In a Facebook post, Jiakun asserted that “the market has spoken,” suggesting a direct correlation between US protectionist measures and economic instability.

Jiakun further emphasized the need for “equal-footed consultation” to resolve trade differences, calling upon the US to “cease its wrongful actions.” This sentiment is echoed by several Chinese commerce associations representing key industries, who have issued statements encouraging diversification and warning of inflationary pressures within the United States as a result of the escalating tariffs.

The current escalation stems from a recent announcement by former President Donald Trump of an additional 34 per cent tariff on Chinese goods, prompting a swift retaliatory response from China, including further levies on American goods and restrictions on rare earth element exports. The situation remains tense, with both sides demonstrating a firm commitment to their respective positions.