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
Paramount SkyDance (PSKY.US) Nears Settlement Agreement to Advance $110 Billion Warner Acquisition, But Some State Attorneys General Still Withhold Support
According to reports, Paramount is engaged in in-depth negotiations with state attorneys general to facilitate the completion of its $110 billion acquisition of Warner Bros. Discovery; however, not all state attorneys general support this plan.
More Hawkish Than Market Consensus! JPMorgan: South Korea Interest Rates Targeted at 3.75%, Terminal Rate ‘Ceiling’ Undetermined
JPMorgan believes that if semiconductor-driven growth triggers stronger inflation and credit and financial markets remain stable, its already above-market-consensus forecast for South Korea's interest rates will face upside risks.
Ackman "Switches Holdings" to AI Giants: Sells All Alphabet (GOOGL.US) Shares, Increases Meta (META.US) Holdings—Should Investors Follow?
Ackman made it clear that this is not a bearish outlook on Alphabet, but rather a decision to shift funds to other, more attractive opportunities given the current valuation.
Crypto prices
More
