The CHN/ China thread

[Jimbuna]

[Jimbuna]

[Jimbuna]

China urges UK and EU to uphold multilateral trade in face of US tariffs

BEIJING, April 22 (Reuters) - Chinese Foreign Minister Wang Yi urged Britain and the European Union on Tuesday to safeguard multilateral trading systems, as Beijing seeks to rally support from trading partners to counter U.S. tariff measures.
China and the United States have remained locked in a deepening trade war, with tit-for-tat tariff hikes that have significantly disrupted bilateral commerce.
"The United States has weaponised tariffs to launch indiscriminate attacks on countries, openly violating WTO rules and undermining the legitimate rights and interests of others," China's foreign ministry cited Wang as saying in a phone call with British Foreign Secretary David Lammy.
https://www.reuters.com/world/china-...ng-2025-04-22/

[Jimbuna]

[Jimbuna]

[Dargo]

[Jimbuna]

China foreign minister says US tariffs show "extreme egoism"

HONG KONG, April 26 (Reuters) - China's Foreign Minister Wang Yi said Beijing stands on the side of international rules on U.S.-imposed tariffs and opposes protectionism, the Foreign Ministry on Saturday.
Speaking on the sidelines of a China-Central Asia foreign ministers meeting in Kazakhstan, Wang said Beijing would seek solidarity with other countries on the tariff situation and exposes "extreme egoism" and the bullying of certain countries, the ministry said in a statement.
https://www.reuters.com/world/china/...sm-2025-04-26/

[Otto Harkaman]

[Jimbuna]

[Skybird]

True, or not true, that is the question.

[Reece]

Trying to scare Taiwan I'd say!!

[Jimbuna]

Bessent says China could lose 10 million jobs from tariffs

WASHINGTON, April 29 (Reuters) - U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs quickly due to tariffs and that Beijing will see over time that Chinese tariffs are not sustainable.
https://www.reuters.com/markets/emer...fs-2025-04-29/

[Dargo]

Does Trump know the minimum wage in China is about $2 an hour max $3.7 in Beijing, and the minimum wage for manufacturing jobs in the United States is about $26 an hour?

[Skybird]

[Jimbuna]

'We don't care': A defiant China looks beyond Trump's America

"We don't care about sales to the United States," says Hu Tianqiang as one of his toy fighter jets flies past our heads.

It's hard to hear him above the buzzing toy planes and miniature drones, an almost rhythmic backdrop to the cacophony of toys that surround him, all clamouring for the attention of buyers.

Hu's stall, Zhongxiang Toys, sits inside the world's biggest wholesale market in the small Chinese city of Yiwu.

It's a huge showroom of more than 75,000 shops where buyers come seeking just about everything, from twinkling Christmas lights and kitchenware to umbrellas and massage guns. It can take most of the day just to get around one department given each of them has an airport hangar's worth of goods on show.

Yiwu is in the province of Zhejiang, along China's eastern coast. The manufacturing and export hub, home to more than 30 ports, accounted for 17% of all Chinese sales to the US last year.

That puts Yiwu, and this region, at the frontline of the US-China trade war.

Mr Hu, too, is on the frontline. He sits among rows of snazzy toy jets, squeaking dogs, fluffy stuffed animals, barbies and motorcycle-riding spidermen – a sliver of the $34bn (£25bn) worth of toys China exported in 2024.

About $10bn of it went to the US. But now, these Chinese exports to America face up to 245% tariffs. And US President Donald Trump has made it clear that he blames Beijing in particular for cornering too much of the global market.

But things have changed here since Trump's first trade war against China, which kicked off in 2018. It taught Yiwu a lesson, summed up by Mr Hu: "Other countries have money too!"

That defiance has become a familiar theme in the world's second-biggest economy, which is bracing itself for another turbulent Trump presidency.

Beijing, which has been repeatedly telling the world that the US was bullying countries into trade negotiations, has not backed down yet from the trade war.

The propaganda online has ratcheted up, applauding Chinese innovation and diplomacy in contrast to the uncertainty unleashed by Trump. On the country's highly controlled social media, there are plenty of posts echoing the leadership's promise that China will keep fighting.

And in factories and markets, businessmen and exporters now say they have other alternatives, beyond Trump's America. Mr Hu, for instance, says around 20%-30% of his business came from US buyers. But not anymore.
https://www.bbc.co.uk/news/articles/cwy7jdn09lxo