A man checks his phone next to an electronic board showing shares in the Hong Seng index in Hong Kong on April 3, 2025.
Peter Parks | AFP | Pictures of getty
The China Ministry of Foreign Affairs on Saturday said « The Market has spoken » after the United States’ imposition of new rates and requested that the White House defuse the growing trade war through « equal foot consultation ».
U.S. stock market markets fell abruptly During a second consecutive day on Friday, with the three main indices falling more than 5% As part of a Global Routine.
The market crisis was aggravated on Friday when China’s Ministry of Finance announced Would impose a 34% rate on all imported goods from the United States from April 10.
Beijing’s response led to the fears of investors in inflationary, recession and world -class economic growth risks.
« The market has spoken, » spokesman for the Chinese Foreign Ministry, Guo Jiakun he said In a post on Facebook on Saturday morning.
Sharing an image that refers to the U.S. Values Market fall, Guo said: « Trade and the tariff war begun by the United States against the world is not provoked and unjustified. »
He called on the White House to solve the differences with commercial partners through « equal foot consultation ».
A spokesman for the White House was not immediately available to comment on when he contacted CNBC.
United States President Donald Trump announced new taxes on Wednesday as part of a « reciprocal rate » policy, including a 10% rate in almost every much stronger countries and duties for many.
The President of the United States intended China with 34% of the additional reciprocal rates, which led to a total of the United States against the second largest economy in the world at 54%.
Trump appeared on Friday for the reaction of the market to its tariff launch, publishing in the social truth that « big business » is not worried about the rates and that their « policies will never change ».
– CNBC’s Ruxandra Iordache contributed to this report.
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