Ombudsman of the Ministry of abroad Affairs of China Lin Jian told the media on Tuesday that Vance's comments – which already sparked a large stir in Chinese social media – were "surprising and sad".
On Thursday, the American vice president, during an interview for Fox News, defended duties declared by Donald Trump. These caused new, even more tensions to appear between the 2 world's largest economies.
– We borrow money from Chinese peasants to buy things that Chinese villagers make – he said.
A short circuit on the Washington-Pekin line. Escales the dispute around customs
The day before Donald Trump gave China – 1 of the largest holders of US government bonds in the planet – time to Tuesday to abolish the 34 % retaliatory duty, threatening that if not, goods imported into the USA will be imposed additional 50 percent tax.
But on Tuesday night it turned out that since Wednesday The United States imposes a powerful 104 % work on the PRC. This is to be an allowance for 20% of the fees introduced in March and those 34% announced last week.
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Meanwhile, Beijing announces a “fight to the end” and claims Trump is trying to intimidate him. – China's position on Chinese-American economical and trade relations is very clear – said Lin Jian.
J.D. Vance on “Chinese villagers”. In the storm network
Vance's comments caused large outrage in the network, and Chinese users began demanding a ban on entering the country for politics. "As a key figure in the US government, Vance truly He should be ashamed to say specified things.“ 1 of Weibo’s users wrote, and his words quoted the BBC.
“Is not his diary called 'Hillbilly Elegy'?” another user noted, referring to Vance’s book, in which he was described in item Education in the American Province.
Tuesday, U.S. Treasury Secretary Scott Bessent called China an “escalation” ‘big mistake’, explaining that the United States is to lose its trade with the Central State. – We export to them 1 5th of what they export to us – he argued, adding that in the future trade negotiations with abroad partners to be personally active President of the United States. “Every script is on the table,” he pointed out.
On the Chinese Ministry of Commerce website, a message was published in which the ministry spokeswoman defined US activities "typical unilateral hegemonic actions". China considers that American threats uncover the "nature of blackmail" and are unacceptable.
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Trump and his advisors have long held that his tariff policy strengthen the US economy and defend jobs. However, economists inform that this will origin serious disturbances in international supply chains, rise consumer prices and consequence in a disaster for all trade.
Following the announcement of tariffs, financial institutions shall inform against increased hazard of recession, both in the US and worldwide.
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