Amid ongoing tariff tensions with the United States, a spokesperson from China's customs department said on Monday that while the country is under "severe" pressure in its export sector, the situation is not disastrous.
"At present, China's exports are facing a complex and severe external situation, but 'the sky will not fall'," the spokesperson said, news agency Reuters. He also stated that China is "actively building a diversified market, deepening cooperation with all parties in the supply chain," and added, "Importantly, China's domestic demand market is broad."
These remarks come a day after US President Donald Trump said no country would be exempt from tariffs. "Nobody is getting 'off the hook'... especially not China, which, by far, treats us the worst!" he posted on his Truth Social platform.
Trump’s administration has been engaged in a trade conflict with China, with both countries imposing tariffs on each other’s goods. US tariffs on Chinese imports have reached 145 per cent, while China has responded with a 125 per cent tariff band on American products.
On Friday, the US appeared to ease some pressure by announcing temporary tariff exemptions for products such as smartphones, laptops, and semiconductors, many of which are sourced from China. These exemptions are expected to benefit US tech firms like Nvidia, Dell, and Apple, which manufacture several of their products in China.
However, President Trump and his aides clarified that these exemptions are not permanent. Trump said on Sunday that the move was being misunderstood and that his administration is working on new tariffs that could apply to items recently exempted. "The tariffs will be in place in the not distant future," he said.
Earlier, China’s commerce ministry responded to the exemptions by saying that the move only "represents a small step" and urged the US to "completely cancel" its entire tariff policy.
Meanwhile, Chinese President Xi Jinping, during a visit to Vietnam at the start of his Southeast Asia tour on Monday, cautioned that protectionist policies "will lead nowhere."
In an article published in a Vietnamese newspaper, Xi called on both countries to "resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment."
He also repeated China's stance that a "trade war and tariff war will produce no winner."
"At present, China's exports are facing a complex and severe external situation, but 'the sky will not fall'," the spokesperson said, news agency Reuters. He also stated that China is "actively building a diversified market, deepening cooperation with all parties in the supply chain," and added, "Importantly, China's domestic demand market is broad."
These remarks come a day after US President Donald Trump said no country would be exempt from tariffs. "Nobody is getting 'off the hook'... especially not China, which, by far, treats us the worst!" he posted on his Truth Social platform.
( @realDonaldTrump - Truth Social Post )
— Donald J. Trump 🇺🇸 TRUTH POSTS (@TruthTrumpPosts) April 13, 2025
( Donald J. Trump - Apr 13, 2025, 3:36 PM ET )
NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the… pic.twitter.com/FEP2e7Rgqi
Trump’s administration has been engaged in a trade conflict with China, with both countries imposing tariffs on each other’s goods. US tariffs on Chinese imports have reached 145 per cent, while China has responded with a 125 per cent tariff band on American products.
On Friday, the US appeared to ease some pressure by announcing temporary tariff exemptions for products such as smartphones, laptops, and semiconductors, many of which are sourced from China. These exemptions are expected to benefit US tech firms like Nvidia, Dell, and Apple, which manufacture several of their products in China.
However, President Trump and his aides clarified that these exemptions are not permanent. Trump said on Sunday that the move was being misunderstood and that his administration is working on new tariffs that could apply to items recently exempted. "The tariffs will be in place in the not distant future," he said.
Earlier, China’s commerce ministry responded to the exemptions by saying that the move only "represents a small step" and urged the US to "completely cancel" its entire tariff policy.
Meanwhile, Chinese President Xi Jinping, during a visit to Vietnam at the start of his Southeast Asia tour on Monday, cautioned that protectionist policies "will lead nowhere."
In an article published in a Vietnamese newspaper, Xi called on both countries to "resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment."
He also repeated China's stance that a "trade war and tariff war will produce no winner."
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