China urges the US not to restore tariffs on Chinese goods and threatens to punish any countries making trade deals with Washington.
China's Warning
China has issued a warning to the US against reimposing tariffs on Chinese goods beginning August 1. Beijing cautioned against possible retaliatory measures against any country that collaborates with the US at China's expense.
Need for Negotiations
The People's Daily emphasized the importance of dialogue in resolving trade disputes, stating that "the only correct path" is cooperation. The paper characterized US actions as bullying and highlighted the need to protect China's interests.
Tariff Data
Data from the Peterson Institute indicates that the average US tariff on Chinese exports is approximately 51.1%, while China's average tariff on American goods stands at 32.6%. This reflects a significant tariff burden between the two countries.
China continues to stress the importance of dialogue with the US, while escalating tariff policies could lead to new economic repercussions for both nations.
