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U.S. President Donald Trump on Tuesday raised the total tariff on Chinese imports to more than 120 percent, which will have a widespread impact on trade between the world's two largest economies, according to experts and politicians.
The Association of Southeast Asian Nations must harness its "collective bargaining power" to counter the potentially harsh impact brought by the higher United States tariffs, analysts said, as was urged by Malaysian Prime Minister Anwar Ibrahim.
Policies, including consumption vouchers and trade-in programs, can indeed deliver immediate benefits in shoring up consumer willingness to spend.
By disrupting global trade and triggering recession risks, the United States' new tariff push may have an unintended result of giving rise to alternative international currencies, including the Chinese renminbi, also known as the yuan.
The United States, the United Kingdom, and China ranked the top three global art markets by sales in 2024, according to "The Art Basel and UBS Art Market Report 2025" published on Tuesday.
Chinese Premier Li Qiang held a phone call with European Commission President Ursula von der Leyen on Tuesday, CCTV News reported.
China has ample policy tools to offset external adverse impacts this year, and the nation is "full of confidence in maintaining sustained and healthy economic development".
China's top economic regulator has pledged efforts to tackle issues faced by enterprises and support the development of the private sector, as it seeks to buffer the impact of the latest round of sweeping new tariffs from the United States.
China's top economic regulator has pledged efforts to tackle issues faced by private enterprises and support the development of the private sector, as it seeks to buffer the impact of the latest round of sweeping tariffs from the United States.
China has vowed to take firm and necessary countermeasures in response to the United States' escalating tariff threats, reaffirming its commitment to defending national interests while upholding the stability of the global trade system.
China took swift and decisive measures to stabilize its capital market on Tuesday amid global stock market turmoil following sweeping tariffs announced by the United States, demonstrating its strong policy reserves and commitment to safeguarding financial stability.
New Zealand's Prime Minister Christopher Luxon on Tuesday made his strongest condemnation yet of the Trump tariffs, days after his Australian counterpart, Anthony Albanese said the U.S. move had "no basis in logic" and "not the act of a friend".
Foreign Ministry spokesman Lin Jian said on Tuesday that China will fight back to the end if the United States disregards the interests of both countries and the international community, and insists on starting a tariff war or trade war.
The National Financial Regulatory Administration (NFRA), and the People's Bank of China (PBOC), the central bank, and a major Chinese state-owned investment company on Tuesday morning vowed to firmly support the capital market.
Chief Executive of the Hong Kong Special Administrative Region (HKSAR) John Lee Ka-chiu said on Tuesday that the U.S.' imposition of tariffs is a ruthless behavior that harms global trade, and the HKSAR will strengthen its strategy in seven areas.
The United States will likely experience more pain from retaliatory tariffs than China, said Steve Cochrane, chief Asia-Pacific economist at Moody's Analytics during an interview with CCTV News on Monday.
The United States' "reciprocal tariff" policy may trigger disruptions to global industrial and supply chains, said industry associations, adding that such actions will harm the interests of businesses and consumers — including in the U.S. itself.
China has launched its own version of a "stock market stabilization fund" as the country's central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said.
As the United States imposes sweeping new tariffs, Canadian experts have different visions for the nation's economic relationship with China.
The U.S. abuse of tariffs deprives countries, especially Global South countries, of their right to development, said Chinese Foreign Ministry Spokesperson Lin Jian at a regular press conference on Monday.
The China-proposed Belt and Road Initiative aligns closely with Ethiopia's development plan, underscoring "strong and deep "relations as the two countries mark 55 years of diplomatic ties this year, Ethiopia's ambassador to China has said.
China firmly opposes the tariff threats coming from the White House and will resolutely adopt countermeasures to safeguard its own rights and interests if the United States follows through with the tariff escalation, the Ministry of Commerce said on Tuesday.
Japan's Nikkei 225 closed 7.83 percent lower on Monday, while Hong Kong's Hang Seng Index slumped 13.22 percent. The pan-European STOXX 600 was 6 percent lower shortly after the opening bell.
Markets around the world continued to deal with the fallout out of US President Donald Trump's tariff policy on Monday, as he backed up last week's announcement by saying "sometimes you have to take medicine to fix something", despite growing concern it could trigger a global recession.
As the world grapples with rising unilateralism and protectionism, China said multilateralism is the inevitable solution to the challenges facing the world and the country's door to the outside world will only open wider.
European Union trade ministers struck a cautious tone after their meeting in Luxembourg on Monday, resisting immediate retaliation against the United States' "reciprocal tariffs" and warning that "there are no winners" in a trade war.
Foreign Ministry spokesman Lin Jian said on Monday that the United States is practicing hegemony under the guise of imposing so-called reciprocal tariffs, warning that such actions will inevitably face widespread opposition from the international community.
China's Central Huijin Investment said on Monday that it firmly believes in the promising prospects of China's capital market and fully recognizes the current investment value of A shares.
China on Sunday reaffirmed its stance on U.S. government tariffs at a roundtable with U.S. companies, claiming that the root cause of the tariffs lies with the U.S., hoping that U.S.-funded enterprises will take pragmatic actions and jointly uphold the stability of global industrial and supply chains to promote a win-win cooperation.
China's consumption boomed during Qingming Festival, also known as Tomb-Sweeping Day, running from Friday to Sunday, the Beijing Daily reported on Monday.
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