According to Reuters, the US and China are not dealing with tariffs, the Chinese Embassy said on Friday.
“China and the US do not need any consultations or negotiations on tariffs. The US should stop confusion,” the Chinese Embassy's postpartum post -foreign ministry statement in the US.
Market reaction
US stock The factors of the index reach lower according to this title. During the press, the S&P 500 futures fell by 0.2%day.
Meanwhile, the US dollar (USD) index comes from the height of the session with an immediate reaction and was last seen trading 99.62, still reaching 0.33%every day.
US-China Trade War of Trade War
In general, the trade war is an economic conflict between two or more countries due to one end of the extreme protectionism. This requires the creation of trade barriers, such as tariffs, resulting in counterattacks, increasing import costs and thus the cost of living.
The economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump erected trade barriers to China, demanding unfair commercial practices and intellectual property theft of the Asian giant. China took durable measures by introducing tariffs for several US goods, such as cars and soybeans. The tensions escalated until two countries signed the US-China trade trade transaction in January 2020. The Agreement required structural reforms and other changes in China's economic and trade regime and pretended to restore the stability and trust of the two countries. However, the coronavirus pandemic took the concentration of the conflict. But it is worth noting that after Trump's office, President Joe Biden held the tariffs in his place and even added additional fees.
Donald Trump's return to the White House, as the US 47 president has created a fresh voltage wave between two countries. During the 2024 election campaign, Trump promised to introduce 60% of the tariffs after returning to China, which he made on January 20, 2025. Trump. The US-China Trade War is intended to continue where it was left and with a tati policy that affects the global economic landscape with global delivery, spent to reduce information about investment in terms of investment.
