• Feedback
  • RSS Feed
  • Sitemap
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home World

US Tariff Hikes No Longer Make Economic Sense: China

OMMCOM NEWS by OMMCOM NEWS
April 17, 2025
in World

Beijing: A Chinese foreign ministry spokesperson said on Thursday that the United States’ 245 per cent tariff on certain products from China no longer makes economic sense.

It the US continues to play the “tariff numbers game”, it will pay no attention to it, according to the spokesperson, Xinhua news agency reported.

The statement came in the wake of White House’s statement that China faces tariffs of up to 245 per cent due to its retaliatory action.

China now faces up to 245 per cent tariffs on imports to the US as a result of its retaliatory tariffs, according to the White House Fact sheet.

This came after Beijing ordered its airlines not to take any further deliveries of Boeing jets in response to the earlier US decision to impose 145 per cent tariffs on Chinese goods.

According to the White House, the US President is open to making a trade deal with China, but Beijing should make the first move.

“More than 75 countries have already reached out to discuss new trade deals. As a result, the individualised higher tariffs are currently paused amid these discussions, except for China, which retaliated,” it said.

The White House also accused Beijing of banning exports to the US of gallium, germanium, antimony, and other key high-tech materials with potential military applications.

There are no winners in a trade conflict and the tussle between China and the US raises the risk of economic and geopolitical fallout, a report by S&P Global Ratings said this week.

Home to sizable manufacturing activities, Asia-Pacific is highly dependent on exports to the U.S. and China for growth. At the same time, Asia-Pacific depends on the US mostly for security.

The region could find itself pushed to take sides or walk a delicate line between the two large economies, the report stated.

To counteract tariffs, Asia-Pacific governments are exploring the formation of regional trade blocs or bilateral trade agreements. These efforts could accelerate, expediting the need to relocate supply sources and production.

China’s economic growth is seeing rising downside risk amid rising trade tensions with the US as its export engine falters from weaker global demand. The country’s domestic growth engine remains subdued, given the lingering real estate crisis, which is dragging down confidence.

(IANS)

Tags: ChinaTariffUS tariffWhite House
ShareTweetSendSharePinShareSend
Previous Post

Commissionerate Police Warns Of Traffic Congestion In Bhubaneswar Today

Next Post

Suspended Kerala IAS Officer Prasanth Raises Promotion Demand During Hearing

Related Posts

Baloch
World

Baloch Diaspora Exposes ‘Terror State’ Pakistan, Backs India’s Operation Sindoor

May 9, 2025
UK Foreign Secy
World

If This Escalates Further, Nobody Wins: UK Foreign Secy After Speaking With EAM Jaishankar, Pak Foreign Minister

May 9, 2025
Chinese President Xi Jinping
World

Xi, Putin Reach Many New, Important Common Understandings: Chinese Foreign Ministry

May 9, 2025
External Affairs Minister S. Jaishankar
Nation

Operation Sindoor: How India Aced Diplomatic Battle After Hitting Terror Hubs Inside Pakistan

May 9, 2025
President Putin
World

MoS Defence Sanjay Seth Meets President Putin, Thanks Russia For Support In Fight Against Terror

May 9, 2025
American-Jewish Community
World

American-Jewish Community Thanks India For Eliminating Islamist Terrorist Abdul Rauf Azhar

May 9, 2025
Next Post

Suspended Kerala IAS Officer Prasanth Raises Promotion Demand During Hearing

Wild Elephant Tramples Elderly Man To Death In Angul

Bhadrak

7 Critically Injured In Bomb Attack In Bhadrak

Khimji
TPCODL
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.