Trump's new "reciprocal" tariffs went into effect, making China the hardest-hit country with a total tariff now reaching at least 104%. Both nations have been engaged in a tit-for-tat tariff exchange, with China consistently opposing each new levy imposed by the US.
China’s State Council Tariff Commission criticized the US move, calling it a mistake and stating that it severely infringes on China's legitimate rights and harms the multilateral trading system. This response came after China repeatedly warned of its determination to “fight to the end” if the US continued its tariff imposition. Originally set to increase by 34%, Trump's tariffs were increased by an additional 50% after China refused to back down.
In response, China also imposed export controls on 12 American companies, restricting Chinese suppliers from providing dual-use items with both military and civilian applications. Moreover, six more US companies were added to China’s "unreliable entity list," which restricts them from trading or making new investments in China, and China filed a complaint with the World Trade Organization over the US tariffs.
US Treasury Secretary Scott Bessent dismissed China’s retaliatory actions, criticizing China for not negotiating a tariff deal and labeling it the "worst offender in the international trading system." He also pointed out that China’s exports to the US are significantly higher than the US exports to China, making China's tariff increases less impactful.
Despite the increased tensions, China’s government, state media, and public figures have expressed defiance while keeping open the possibility of negotiations. A Chinese Foreign Ministry spokesperson stressed the need for the US to demonstrate respect and equality to resolve the trade dispute through dialogue. China also released a white paper outlining how US protectionist measures have damaged bilateral relations, with a Commerce Ministry official affirming that China does not want a trade war but will respond firmly to any harm to its interests.
China is preparing for the impact on its export sector, which has been a key growth driver for its economy. Last year, trade between the US and China amounted to nearly half a trillion dollars. Despite ongoing economic challenges, including the property sector crisis and local government debt, China has been taking steps to boost domestic consumption in anticipation of the effects of US tariffs on its export-driven economy.
Powered by Markelitics.com
Bullwaves is a brand name and a trading name with multiple entities and authorised in various jurisdictions, such as Equitex Capital Limited (Registration No. 8434948-1), a company authorized and regulated by the Financial Services Authority (the "FSA", licence no. SD185) and Moonance LLC, a company regulated by MISA in Comoros Island.
Bullwaves.global website is owned by Moonance LLC, a company incorporated in St. Vincent & the Grenadines with registration no. 2141 LLC 2022 And registered address at First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
Moonance LLC is authorized and regulated by MISA with License Number T2022122
ETX Services Limited with company registration number HE455407, a company registered in Cyprus with registered address Archiepiskopou Makariou lll 160, 3026 Limassol is appointed as Independent Representative and Distributor.
Risk Disclaimer:
Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.
When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. Moonance LLC is not a financial advisor and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any Bullwaves products or services and obtain independent professional advice as necessary.
Regional Restrictions:
The information or services described on this website is not directed at or offered to residents of Belgium, North Korea, United States, Afghanistan, Belarus, Central African Republic, China, Cuba, Libya, Nicaragua, Palestinian Authority/Gaza/West Bank, Venezuela and to jurisdictions on the FATF and EU/UN sanctions lists or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support. Clients who onboarded via www.bullwaves.com can contact our support team at support@bullwaves.com.For complaints please email us at compliance@bullwaves.com