• China Says On ‘Right Side Of History’ In Trade Standoff With US

  • 2025/05/02
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China Says On ‘Right Side Of History’ In Trade Standoff With US

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  • A top Chinese economic official says Beijing was on the right side of history in its gruelling trade war with the United States. US President Donald Trump has imposed 10 per cent tariffs on most US trading partners and a separate 145 per cent levy on many products from China which Beijing has responded with 125 per cent tariffs of its own on US goods. Senior economic planner Zhao Chenxin says Beijing was on the right side of history adding that the United States play cards out of thin air, bully and go back on their word. US Treasury Secretary Scott Bessent on Sunday defended Trump’s tumultuous tariff policy as a way of creating “strategic uncertainty” that gives Washington the upper hand. Beijing, however, has vowed to fight a trade war “to the end” and denied US claims it is in talks with Washington.

    Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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A top Chinese economic official says Beijing was on the right side of history in its gruelling trade war with the United States. US President Donald Trump has imposed 10 per cent tariffs on most US trading partners and a separate 145 per cent levy on many products from China which Beijing has responded with 125 per cent tariffs of its own on US goods. Senior economic planner Zhao Chenxin says Beijing was on the right side of history adding that the United States play cards out of thin air, bully and go back on their word. US Treasury Secretary Scott Bessent on Sunday defended Trump’s tumultuous tariff policy as a way of creating “strategic uncertainty” that gives Washington the upper hand. Beijing, however, has vowed to fight a trade war “to the end” and denied US claims it is in talks with Washington.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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