China Hits Back at Trumps Tariffs, Says U.S. Market Not Essential
On Friday, China announced a 125% retaliatory tariffon all American goods, shortly after President Donald Trump raised duties on Chinese imports to 145%.
Speaking to reporters, Gao dismissed concerns about losing access to the U.S. market, stating:
We dont care! China has been here for 5,000 years. Most of the time, there was no U.S., and we survived.
When asked about the potential loss of the American marketwhich makes up around 15% of Chinas total tradeGao remained unfazed:
If the United States wants to bully China, we will deal with a situation without the United States, and we expect to survive for another 5,000 years.
Global Fallout and Strategic Shifts
The tariff escalation triggered turbulence in global markets. Since Liberation Day on April 2, major international indices have suffered sharp declines, with slight recoveries emerging Friday afternoon after Chinas countermeasure.
While some economists warn that Trumps tariffs risk sparking a global recession, others see geopolitical ramifications extending beyond trade. Zhiqun Zhu, professor of international relations at Bucknell University, noted:
If the current tariff is sustained, and China is able to weather this difficult period, it will definitely boost Beijings confidence in facing potential Western sanctions in a future cross-strait war.
The statement underscores rising concerns that China could interpret successful tariff resistance as a green light for more assertive actionsparticularly regarding Taiwan.
Europe Eyes Closer Ties With Beijing
As trans-Pacific tensions grow, Europe is quietly pivoting. Reports suggest that EU leaders plan to travel to Beijing in July for a summit with Chinese President Xi Jinping.
This follows comments by Spanish Prime Minister Pedro Sanchez, who recently labeled China a partner of the EU, calling for Europe to forge stronger ties with Beijing amid uncertainty over Trumps tariff regime.
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Text source: Coindoo
