China says will protect its own interests in face of U.S. 'bullying'
Published On Feb 6, 2025, 3:53 AM
China has taken a firmer stance in response to recent U.S. trade tariffs, declaring its intent to protect its interests against what it terms as U.S. 'bullying.' The Chinese Ministry of Commerce has indicated its readiness to take necessary measures, including imposing retaliatory tariffs on U.S. products. This escalation reflects continued tensions in U.S.-China trade relations, with China stressing its reluctance to initiate disputes but readiness to defend its rights.
Stock Forecasts
SPY
Negative
Given the rising tensions between the U.S. and China, particularly with new tariffs and retaliatory measures, the situation could further harm market sentiment and stability. Companies heavily reliant on trade with China, or those within sectors affected by tariffs, may experience stock volatility.
Related News
The early Trump and Musk fights over spending could be just a taste of the chaos to come
Feb 5, 2025, 3:19 PM
Disparate fights in the early weeks of Trump 2.0 are linked together by the question of whether a president can take spending laws passed by Congress as suggestions instead of edicts.
Trump Prepares to Take On the US Trade Deficit, a Familiar Nemesis
Feb 5, 2025, 5:00 AM
The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Feb 5, 2025, 9:03 AM
A strong dollar helped drive an uptick in U.S. imports last year, while export growth remained modest.