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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.
China's consumer market continues to heat up in the first three months of this year, according to the latest research released by the State Information Center. The rise in consumption is driven by a number of policies, and the release of consumption potential was accelerated.
The latest round of sweeping tariffs from the United States will impact many European companies' supply chain operations in China and other parts of the world, said Jens Eskelund, president of the European Union Chamber of Commerce in China.
A spokesperson for the China Coast Guard (CCG) said on Sunday that a Japanese fishing vessel had been expelled after illegally entering the territorial waters of China's Diaoyu Island.
As of the end of March, China's foreign exchange reserves stood at $3.24 trillion, reflecting an increase of 0.42 percent from a month earlier, latest data from the State Administration of Foreign Exchange (SAFE) revealed.
The latest tariffs imposed by the United States against its trade partners could disrupt the international economic order and plunge free trade mechanisms into uncertainty while bringing about multidimensional negative effects for economies and consumers, analysts have said.
The latest tariffs announced by the U.S. administration are unlikely to achieve stated goals, pose a significant risk to the global economy, and violate international trade commitments, according to U.S. trade experts.
China's consumption revival gathered pace in April as a closely watched barometer of retail sentiment crept further into expansion territory, with the country's targeted economic promotion policies drawing shoppers back to malls and markets.
The United States' new tariff push is likely to backfire by accelerating the de-dollarization trend and potentially prompting sell-offs of US Treasuries by major foreign debt holders, leading economists and currency experts said.
The German automotive group will begin producing the long-wheelbase electric CLA, a compact luxury model, in China this year, followed by the long-wheelbase GLE SUV and an all-new electric van in the coming years.
China fired off a sweeping package of robust countermeasures on Friday — including a 34 percent tariff hike and rare earth export controls — in response to the latest round of sweeping tariffs adopted by the administration of United States President Donald Trump.
The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings' decision to downgrade China's sovereign credit rating, describing the move as "biased" and "failing to objectively reflect the actual resilience of China's economy and the broad consensus in global markets".
China has added 11 U.S. firms, including Skydio and BRINC Drones, to its unreliable entity list, the country's commerce ministry announced on Friday.
China's Ministry of Commerce, in coordination with the General Administration of Customs, announced on Friday the implementation of export controls on seven types of medium and heavy rare earth elements.
China on Friday announced that it had filed a lawsuit with the World Trade Organization (WTO) over the U.S.'s slapping of "reciprocal tariffs" on its trading partners.
China announced on Friday that it has decided to add 16 U.S. entities that endanger its national security and interests to its export control list.
China will impose additional tariffs on all products imported from the United States, effective from April 10, the Customs Tariff Commission of the State Council said Friday. An additional 34 percent tariff will be imposed on all products originating from the United States, according to a statement from the commission.
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