'We will never accept US tariff threats': China's warning against Trump's 50% tariff

 US President Donald Trump has threatened to introduce 50% extra tariffs on China and trade sanctions on 60 nations, following which China has also readied to give a strong response. The threat has generated huge tensions in the global business ecosystem. China's Ministry of Commerce has vehemently criticized this tariff proposal, terming it totally unwarranted. The Ministry has categorically stated that if the US insists on this policy, then China will retaliate to safeguard its interests.

Trump's threat and China's firm stand

Beijing made an announcement on Tuesday that if the US proceeds with the proposal of introducing a 50% tariff, China will tackle it directly. China affirms that the US tariffs constitute a 'unilateral threat' and China won't accept it under any conditions. Meanwhile, China has also explicitly stated that China is absolutely prepared for any counter-measure, which will protect its sovereignty and security.

Trump's threat on social media

Trump, who posted on his social media platform 'Truth Social', threatened to impose 50% extra tariffs on China unless it reverses trade abuses by April 8, 2025. US tariffs will hit 104 percent if these tariffs are imposed, which will have a direct impact on Chinese imports. This can result in an enormous hike in the prices of Chinese products in the US market, which will also be a burden on consumers.

Global implications and market worries

Trump's warning has raised concerns not just within the US but also in worldwide financial markets. Trade officials and analysts maintain that when it is done, it will not only hike prices for US consumers, but could also compel China to expand business ties with other nations. China will also now be able to seek out new marketplaces for their goods.

Is the new trade war approaching?

With the attitude of both Trump and China, the likelihood of a trade war has grown. Both nations are well equipped to defend their sovereignty and economic interests. If this tension grows, it will negatively affect the global economy, particularly when the world is already facing indications of recession.

What will be the future of global trade?

This increasing trade tension between the US and China is making it increasingly evident that the trade war can be a lengthy and challenging process. As a result of the deterioration of trade relations between the two nations, there can be chaos in world markets. If the US puts its tariff policy into action, it will hit consumers in China as well as globally. China is also set for its retaliatory action, and this has the potential of leading to a new and harmful trade war.