BREAKING: US Vice President JD Vance Made Positive Statements About China Tariffs
US Vice President JD Vance offered messages aimed at easing tensions that rose on Friday following President Donald Trump's announcement to raise tariffs against China to 100%.
Vance made the following statement in his press release:
- “We appreciate the friendship between President Trump and President Xi.”
- “President Trump hopes the US will not have to use ‘coercive power’ against China.”
- “President Trump is willing to engage in reasonable negotiations with China.”
These statements followed Beijing's stern warnings to Washington, with China's Commerce Ministry accusing Washington of escalating tensions after the Trump administration announced plans to impose 100% tariffs on Chinese imports and export controls on some critical software as of November 1.
“Threatening with high tariffs is not the right way to build healthy relations with China,” a ministry spokesperson said in a statement released by state news agency Xinhua. “China's stance on the trade war is clear: We don't want war, but we are not afraid of it.”
The spokesman also signaled possible retaliation, saying, “If the United States persists on the wrong path, China will take decisive action to protect its legitimate rights.”
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.
You may also like
Is this the real reason behind the $20 billion liquidation in the crypto market?
In the financial markets, survival is always more important than making money.
10.11 Crash Review: Who Will Build a Safety Net for the Crypto Market?
In the early morning of October 11, the global crypto market saw $300 billion evaporate. More than 1.6 million people were liquidated, with forced liquidations totaling $19.1 billion. Most Web3 users could only watch helplessly as liquidation lines were breached. What the industry should remember is not just the numbers, but also, when the next crash comes, who can truly protect users?
Some stayed up all night, some lost everything overnight: 1011 Black Swan event resets the crypto world
The crypto market experienced panic due to Trump reigniting the trade war, resulting in a sharp drop in Bitcoin and $19.1 billions in liquidations across the entire network, affecting 1.6 million people. Several experts analyzed the reasons behind the market crash and discussed potential opportunities for bottom-fishing. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Trending news
MoreCrypto prices
More
