Disputes between the US and China over tariffs continue amid threats from US officials regarding 100% tariffs in response to oil purchases from Russia and Iran.
Current Tariff Situation Between US and China
Recently, senior officials from both the US and China met in Stockholm to discuss tariff disputes but did not reach a conclusive agreement. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng agreed to a 90-day pause in negotiations, but further steps depend on President Trump's decision.
China's Response to US Threats
China's Foreign Ministry emphasized that the country is solely focused on serving its national interests in response to Trump's threats of 100% tariffs. The ministry condemned the coercive tactics of the Trump administration and stated that they would not lead to the desired results.
US Legislative Initiatives Against Russia
Senator Lindsey Graham has introduced a bill that would allow imposing tariffs up to 500% on oil and other goods related to Russia. He stated that the aim of this bill is to stop China from purchasing oil from Russia at below market prices. Graham noted that the bill has already garnered support from 84 Senators and 70 House representatives.
Thus, the tariff disputes between the US and China remain tense. US threats and China's determination to protect its interests may have long-term consequences for international trade.
