Quotes
It’s to be expected, this is a patient that was very sick, we inherited a terrible economy as you know, with a lot of problems including the loss of manufacturing and plants closed up all over the country,
he said
The operation’s over, and now we let it settle in,
he said to reporters on Air Force OneIt was a sick patient, it went through an operation on liberation day and it’s going to be a booming country, a very booming country it’s going to be amazing actually,
he repliedChina played it wrong, they panicked – the one thing they cannot afford to do!”
Trump posted on Truth Social
Their economies are not crashing. Their markets are reacting to a dramatic change in the global order in terms of trade,
he said at a media conference in Brussels
There are still chances for the two parties to resume talks in the following months,
Betty Wang at Oxford Economics told AFP
This trade war not only has a destructive impact on China but also on the global trade system,
Chen Wenling, Chief Economist at the China Center for International Economic Exchanges in Beijing, saidThe US tariffs on Chinese imports announced so far this year could fully negate the lift from the fiscal stimulus measures announced so far,
Frederic Neumann, Chief Asia Economist at HSBC, told AFPUS imports from China are dominated by capital goods and industrial materials instead of consumer goods,
Gene Ma, Head of China Research at the Institute of International Finance, told AFPChina has filed the WTO complaint with respect to the United States' measures,
the Permanent Mission of China to the World Trade Organization said in a statement
China hits back—announces 34% tariff on US goods in retaliation to Trump’s move. Is the trade war escalating?”
A third user questioned
China hits back... To impose 34% retaliatory #tariffs back on US. Their economy’s in trouble, but cornering a cat? It WILL fight back.”
One user wroteTrump has dragged us neck-deep into a tariff disaster. China will eat our lunch… and we’re marching straight into a Great Depression. I DARE any of these cowardly chicken shit Republicans to show up at a town hall now.”
One particularly frustrated user ventedThis practice of the U.S. is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice.”
In a statement, the Chinese finance ministry said
The purpose of the Chinese government's implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation,
the Chinese commerce ministry said in a statement
We feel that this is unreasonable and are also worried about the subsequent impact these measures may have on the global economy.”
Lai said in a statement on his Facebook pageThe likely outcome is that China will become the largest trading nation and its economy will be trading more with other nations and the U.S. may ... become more isolated,
Wang saidIf enforced, would negatively impact bilateral economic and trade relations as well as the interests of businesses and people in both countries,
Hang said in comments cited by state-run media, which reported that the deputy prime ninister and former finance minister Ho Duc Phoc was scheduled to visit the U.S. for trade talks next weekThe global trading system has serious deficiencies,
the president of the EU's European Commission, Ursula von der Leyen, said Thursday while on a visit to Uzbekistan
China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and mutually beneficial manner,
Xinhua cited the finance ministry as saying in a Google-translated report