China is seeking allies in response to the United States' imposition of new tariffs. This is seen as Beijing's attempt to form a united front to push back against Washington's economic "roundups." So far, China's initiative has been partially successful, as several countries are in no hurry to join the main target of President Donald Trump's tariff war, writes APnews.
Against the backdrop of the decline in world markets, Trump decided on Wednesday to postpone the application of tariffs on several countries for 90 days, announcing that these countries are willing to negotiate more favorable terms.
China, in turn, refused to initiate negotiations, stating that the US behavior was not sincere and that it would "fight the tariff war to the end." In response, Trump increased the size of tariffs on Chinese imports, bringing it to 125%. China has responded with 84% tariffs on US goods, effective today.
Beijing has focused mainly on Europe. According to sources, a phone call between Chinese Premier Li Keqiang and European Commission President Ursula von der Leyen “sent a positive message to the international community.” China and the EU are each other’s largest trading partners.
