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Experts say the US's new tariff push, disrupting global trade and triggering recession risks, may lead to alternative international currencies like the yuan. Key points are: US tariffs may tighten dollar liquidity and undermine its international standing; China can promote yuan internationalization in multiple ways; dollar volatility remains high. In conclusion, yuan's future performance depends on China's policies.
Canada has escalated its trade fight with the United States by slapping a 25 percent tariff on American vehicles, a move expert says is meant to protect domestic industry but could hurt both economies.
Free-trade setback forcing Chinese firms to get more creative, innovate
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.
"America First" is essentially nothing more than the United States trying to make the "World Coerced". As such, it is "America Cursed". A country cursed by its own megalomania and cursed by other countries for its callous malice.
European Union trade ministers meeting in Luxembourg on Monday struggled to reach an agreement on how to respond firmly and effectively to the so-called reciprocal tariffs of the United States that will hit a significant part of their exports.
The United States' new tariff push has limited impact on Chinese companies in several sectors, such as steel, information and communication, automobile, power equipment, pesticides and fertilizers, home appliances, as well as the food and beverage industries, Chinese financial news outlet Yicai reported on Monday, citing sayings of some A-share listed companies.
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.
Despite headwinds from Washington's "reciprocal tariff" strategy, China's economy is expected to remain on a steady track given its advantages such as competitive manufacturing, large market scale and sufficient space from using more policy tools — which should be given key roles at present — to hedge against the impact brought about by external challenges, recent research shows.
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.
Industry associations warned that the US "reciprocal tariff" policy, signed by Trump last week, may disrupt global industrial and supply chains, harming businesses and consumers. German and Chinese associations noted it violates trading rules, affects supply chains, and burdens US consumers. China announced countermeasures. Analysts said the US move is a strategy, and may lead to market shifts and challenges for US manufacturing.
China raises equity investment cap by insurance funds
China's Central Huijin says it has full confidence, sufficient capability to maintain stable operation of capital market.
China will resolutely take countermeasures if US escalates tariff measures: commerce ministry
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.
As the world grapples with rising unilateralism and protectionist pressures, China has encouraged companies from the United States to pursue fact-based dialogue and take practical steps to help safeguard the stability of global supply chains, said a senior commerce official.
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.
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.
Protests were held in dozens of cities across the United States on Saturday over the policies unveiled by US President Donald Trump's administration since January.
Tariffs:?Risk of deep global recession grows, expert says
The Sri Lankan President's Media Division said the Sri Lankan government will soon talk to the US about relief from new tariffs.
The Chinese government strongly condemns and firmly opposes US abuse of tariffs.
The New Republic reported that US Treasury Secretary Scott Bessent may leave the Trump administration after the "reciprocal tariff" announcement. Bessent, once a hedge fund manager, is isolated. His frustration comes from Trump's tariff policy, which he warned could escalate trade tensions. Despite his urging against retaliation, foreign leaders may respond. Bessent previously downplayed tariff impacts, but experts say they harm vulnerable Americans.
Bolivia warned the US new tariff policy might spark a global trade war. Bolivia's Foreign Ministry condemned the US for imposing new import tariffs, saying these violate WTO principles and could lead to trade contraction. It criticized the US for protectionist actions despite free - market talk. Bolivia called for coordinated responses via multilateral and regional forums, and pledged to support exporters and diversify trade.
Mexico will invest $4.1 billion from 2025-2030 to strengthen food sovereignty and cut import reliance due to new US tariffs.
On the ever-evolving geopolitical chessboard, trade has emerged as one of the most potent weapons. The recent decision by the People's Republic of China to impose a 34?percent tariff on all US imports marks a turning point in a long-standing economic conflict. But this move is not an act of provocation — it is a necessary defense against an ongoing campaign of pressure, containment?and provocation from Washington.
UN Secretary-General Antonio Guterres warns that "nobody wins in a trade war," his spokesman said on Friday.
The Trump administration's latest tariff policy to cancel tax exemptions on low-value packages from China will disrupt the international trade order and increase costs for US consumers, according to Chinese industry associations and experts.
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.
China launched a series of countermeasures, including export controls on rare earth elements and new tariffs, firing back at the latest round of bullying tariffs imposed by the Trump administration.
