China’s Ministry of Commerce condemned U.S. President Donald Trump's steep new tariffs, calling them “unilateral bullying” and urging the U.S. to cancel them immediately. The tariffs, which include a 34% levy on Chinese goods, are part of Trump’s broader trade strategy and are seen as the most significant tariff hikes in a century.
President Trump signed the Declaration of Economic Independence for the American people.
— Secretary of Treasury Scott Bessent (@SecScottBessent) April 2, 2025
For decades, the trade status quo has allowed countries to leverage tariffs and unfair trade practices to get ahead at the expense of hardworking Americans.
The President’s historic actions…
The U.S. measures, which also target the European Union, Vietnam, and Taiwan, could weigh heavily on global growth. China is expected to retaliate, possibly targeting U.S. companies in its market, leading to further trade tensions. Despite the escalating conflict, experts suggest that both sides will eventually return to the negotiating table to reach a broader deal.
