China has renewed its appeal for the United States to abolish its punitive tariffs, branding the levies as a “wrong practice” and urging Washington to return to the principles of “mutual respect,” even as global markets reel from the fallout of escalating trade tensions.
The latest remarks from Beijing come after President Donald Trump chose to delay the imposition of sweeping tariffs on most trading partners—excluding China. The move has further aggravated relations between the world’s two largest economies.
“We urge the US to take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs,’ and return to the right path of mutual respect,” a spokesperson for China’s commerce ministry said on Sunday.
The US-China trade war escalated after President Trump announced a 145 per cent tariff on Chinese imports, prompting an immediate response from Beijing, which imposed retaliatory duties of 125 per cent on American goods effective Saturday.
Describing the limited tariff exemptions offered by the US as merely a “small step,” the spokesperson said China was still “evaluating the impact” of Washington’s move.
While some American technology firms such as Nvidia, Dell and Apple—whose manufacturing operations are deeply tied to Chinese supply chains—stand to benefit from these exemptions, concerns remain over additional industry-specific tariffs. President Trump has hinted at introducing levies on semiconductor imports from all nations.
The White House has indicated that a “very specific” statement regarding semiconductor duties will be made on Monday.
The ongoing tariff dispute has fuelled uncertainty in international markets.
Stock exchanges across the globe saw trillions of dollars wiped out following the US President’s announcement of duties on 90 major and developing economies, sparking fears of a prolonged trade confrontation.
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