Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Beijing Urges End To US Tariffs, Citing Risk Of Global Economic Shock

Beijing Urges End To US Tariffs, Citing Risk Of Global Economic Shock

CointribuneCointribune2025/04/15 06:33
By:Cointribune

China does not intend to yield to the new American protectionist measures. In response to the tariff spike imposed by Donald Trump, Beijing is retaliating without hesitation by demanding the immediate removal of customs duties, fearing the effects of a major global economic shock.

Beijing Urges End To US Tariffs, Citing Risk Of Global Economic Shock image 0 Beijing Urges End To US Tariffs, Citing Risk Of Global Economic Shock image 1

US Tariffs: A Risky Strategy for the Global Economy

The American decision to hit China with a historic customs tax of 145% reveals the extent of an economic conflict that could tilt the global economy into a prolonged recession. Initially set at 10%, these tariffs have quickly skyrocketed , abruptly increasing the pressure on Beijing. In just a few days, the trade war has escalated from a simple diplomatic spat to a full-blown economic confrontation.

On the Chinese side, the reaction was swift. Chinese authorities immediately counterattacked with retaliatory tariffs of 125% on American products.

This retaliation marks a significant escalation that heightens uncertainty in global financial markets. Beijing is thus intent on demonstrating its determination not to yield under American pressure.

Despite a slight easing on the American side, with the temporary suspension of tariffs on consumer electronics, Beijing remains skeptical and views this decision as a timid American attempt to correct its mistakes. According to China, this tariff policy heavily undermines the balance of international trade and directly threatens global economic stability.

American Consumers, the First Victims of This Standoff

While Washington remains optimistic about the effectiveness of its tariff policy, China firmly alerts about the direct consequences for American citizens.

According to Mao Ning , spokesperson for the Chinese Ministry of Foreign Affairs, customs tariffs not only penalize Chinese companies but, above all, impose an additional burden on American businesses, which pass it directly onto consumers.

Customs tariffs do not bring manufacturing jobs back to the United States. They simply constitute an additional tax for American citizens.

This discourse, both incisive and pragmatic, highlights a reality often obscured by protectionist rhetoric: it is indeed the end consumers who foot the bill.

Despite the enthusiastic claims of the Trump administration regarding the presumed effectiveness of its tariff strategy, no trade agreement has yet been concluded with Beijing. Negotiations appear to be at a standstill, exacerbating market volatility. This diplomatic and economic deadlock reveals a potentially devastating crisis, not only for the two economic giants but also for the entirety of the global economy.

In the face of these rising tensions, the future remains uncertain. The coming weeks will be crucial in determining whether Washington and Beijing will find a compromise or if the world will have to deal with an economic crisis whose repercussions could prove more severe than expected. Amidst all these uncertainties, gold is capitalizing and reaching new heights .

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04