The Chinese Embassy in the US responded to tariffs imposed by President Trump over the fentanyl issue by saying that “if war is what the US wants… we’re ready to fight.” Watch to know more!

China says it will ‘resolutely counter’ US pressure amid Trump's trade war

US President Donald Trump has doubled down on tariffs against India, announcing new reciprocal duties set to take effect on April 2. With India's 100% auto tariffs under scrutiny, tensions between the two nations are rising. How will this impact trade and global markets?

Trump announces reciprocal tariffs effective April 2

US Stocks marked their worst day of 2025 on Tuesday—what was once ‘Trump trade euphoria’ has now turned into ‘Trump Tariff turmoil. ’ with fresh 25% tariffs on Canada and Mexico and higher duties on china, global markets are reeling, industries are bracing for impact, and retaliation is already in motion.

Trump's tariff effect: Market selloff deepens – S&P 500 sees worst day of 2025

The Chinese Embassy in the US responded to tariffs imposed by President Trump over the fentanyl issue by saying that &ldquo;if war is what the US wants&hellip; we&rsquo;re ready to fight.&rdquo;
This comes as the US president recently imposed hefty tariffs on China, Mexico and Canada, a move that sent shockwaves through financial markets globally and drew retaliatory counter-tariffs and other measures from the nations.
Also read | <a href="https://www.wionews.com/business-economy/chinas-economic-vision-for-2025-meets-trumps-tariffs-8793176">China&rsquo;s economic vision for 2025 meets Trump&rsquo;s tariffs</a>
<h2>&lsquo;A flimsy excuse&rsquo;</h2>
In a post on X, the Chinese Embassy said, &ldquo;If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals.&rdquo;
<blockquote class="twitter-tweet">
If the U.S. truly wants to solve the <a href="https://twitter.com/hashtag/fentanyl?src=hash&amp;ref_src=twsrc%5Etfw">#fentanyl</a> issue, then the right thing to do is to consult with China by treating each other as equals. If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we&rsquo;re ready to fight till the end. <a href="https://t.co/crPhO02fFE">https://t.co/crPhO02fFE</a>
&mdash; Chinese Embassy in US (@ChineseEmbinUS) <a href="https://twitter.com/ChineseEmbinUS/status/1897149198300291120?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
&ldquo;If war is what the US wants, be it a tariff war, a trade war, or any other type of war, we&rsquo;re ready to fight till the end,&rdquo; the post read.
The Chinese foreign ministry called the fentanyl issue &ldquo;a flimsy excuse&rdquo; for the US to impose tariffs on Chinese imports. In a statement on X, the spokesperson of the ministry said that China&rsquo;s &ldquo;countermeasures to defend our rights and interests are fully legitimate and necessary.&rdquo;
Also read | <a href="https://www.wionews.com/world/china-will-work-to-firmly-advance-reunification-with-taiwan-says-premier-li-qiang-8791247">China will work to 'firmly advance' reunification with Taiwan, says Premier Li Qiang</a>
&ldquo;The US, not anyone else, is responsible for the #FentanylCrisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. Instead of recognizing our efforts, the US has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes. They&rsquo;ve been PUNISHING us for helping them. This is not going to solve the US&rsquo;s problem and will undermine our counternarcotics dialogue and cooperation,&rdquo; the spokesperson wrote on the micro-blogging site.
&ldquo;Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals,&rdquo; he added.
Also read | <a href="https://www.wionews.com/world/how-china-is-targeting-us-agriculture-with-retaliatory-tariffs-as-trump-begins-trade-war-8777689">How China is targeting US agriculture with retaliatory tariffs as Trump begins trade war</a>
Trump imposed additional 10 per cent tariffs on Chinese goods on Tuesday (Mar 4) in addition to the existing 10 per cent in place. The tariffs imposed on Canada and Mexico also came into effect the same day.
<h2>China&rsquo;s retaliatory measures</h2>
China on Tuesday (March 4) responded to tariffs imposed by Trump on Chinese goods by enforcing additional tariffs of 10-15 per cent on a variety of US agricultural imports. The tariffs will come into effect starting next week, China&rsquo;s finance ministry said.
Also read | <a href="https://www.wionews.com/world/top-quotes-from-us-president-donald-trumps-congress-speech-8795442">Top quotes from US President Donald Trump's Congress speech</a>
US will face 10 per cent tariffs on sorghum, soy beans, pork, beef, aquatic products, fruits, vegetables, and dairy products and 15 per cent levies on chicken, wheat, corn, and cotton.
(With inputs from agencies)

World |This comes as the US president recently imposed hefty tariffs on China, Mexico and Canada, a move that sent shockwaves through financial markets globally.

The Chinese Embassy in the US responded to tariffs imposed by President Trump over the fentanyl issue by saying that “if war is what the US wants… we’re ready to fight.” This comes as the US president recently imposed hefty tariffs on China, Mexico and Canada, a move that sent shockwaves through financial markets globally and drew retaliatory counter-tariffs and other measures from the nations. Also read | China’s economic vision for 2025 meets Trump’s tariffs ‘A flimsy excuse’ In a post on X, the Chinese Embassy said, “If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals.” If the U.S. truly wants to solve the #fentanyl issue, then the right thing to do is to consult with China by treating each other as equals. If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end. https://t.co/crPhO02fFE — Chinese Embassy in US (@ChineseEmbinUS) March 5, 2025 “If war is what the US wants, be it a tariff war, a trade war, or any other type of war, we’re ready to fight till the end,” the post read. The Chinese foreign ministry called the fentanyl issue “a flimsy excuse” for the US to impose tariffs on Chinese imports. In a statement on X, the spokesperson of the ministry said that China’s “countermeasures to defend our rights and interests are fully legitimate and necessary.” Also read | China will work to 'firmly advance' reunification with Taiwan, says Premier Li Qiang “The US, not anyone else, is responsible for the #FentanylCrisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. Instead of recognizing our efforts, the US has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes. They’ve been PUNISHING us for helping them. This is not going to solve the US’s problem and will undermine our counternarcotics dialogue and cooperation,” the spokesperson wrote on the micro-blogging site. “Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals,” he added. Also read | How China is targeting US agriculture with retaliatory tariffs as Trump begins trade war Trump imposed additional 10 per cent tariffs on Chinese goods on Tuesday (Mar 4) in addition to the existing 10 per cent in place. The tariffs imposed on Canada and Mexico also came into effect the same day. China’s retaliatory measures China on Tuesday (March 4) responded to tariffs imposed by Trump on Chinese goods by enforcing additional tariffs of 10-15 per cent on a variety of US agricultural imports. The tariffs will come into effect starting next week, China’s finance ministry said. Also read | Top quotes from US President Donald Trump's Congress speech US will face 10 per cent tariffs on sorghum, soy beans, pork, beef, aquatic products, fruits, vegetables, and dairy products and 15 per cent levies on chicken, wheat, corn, and cotton. (With inputs from agencies)

‘If US wants war, we’re ready to fight’: China warns Trump amid tariff row

Canada is bracing for US President Donald Trump’s sweeping tariffs. The tariffs are expected to hit the Canadian economy hard, with some economics warning Canada could dip into a period of recession. Watch this report for more details!

One-month delay in US tariff implementation ends on March 4

#Gravitas Similar to Canada and Mexico, U.S. President Donald Trump has announced plans to impose a 25% tariff on the European Union.

Trump threatens to slap 25% tariffs on EU

Asian stocks seemed directionless as investors parsed the latest tariff announcements from the US. President Donald trump and earnings from Nvidia failed to impress markets. This comes after most regional stock markets posted solid gains on Wednesday. The broader cues in global markets point to safety first approach as the 'tariff man' flexed his muscles again.

Trump sows confusion around global tariffs timing, scope

Donald Trump has said he will impose 25% tariffs on the EU "very soon" and claimed the bloc was "formed in order to screw the United States". Watch this report for more details!

Donald Trump says EU was 'formed to screw the US' and threatens 25% tariffs

US Consumer sentiment took a sharp dive in February, hitting its lowest point in over a year, largely due to concerns about rising prices, inflation, and tariffs. The University of Michigan's consumer sentiment index highlighted that inflation expectations are on the rise, with households now predicting a 4. 3% increase in prices over the next year—the highest level since November 2023.

Why are American consumers penny-pinching?

Global markets are starting to feel the jitters of US President Donald Trump's tariff rhetoric. The cautious sentiment comes after Trump said taxes on Mexican on Canadian imports will 'go ahead. ' while the import tariffs were delayed by a month, the US President's threat comes ahead of Monday's deadline and weighed on markets.

Global markets turn cautious on tariff risks

Tesla’s plans to set up a factory in India have drawn criticism from US President Donald Trump, who claims the move is “unfair” to US interests. Amid concerns over trade imbalances and reciprocal tariffs, Trump’s remarks have raised questions about potential trade tensions. Will Tesla’s India expansion face obstacles due to Trump’s trade stance?

Musk’s India expansion sparks Trump’s ‘unfair trade’ criticism

US President Donald Trump floated new universal tariffs of 25% on autos, drugs, and chips, saying they could come as early as April. With this proposal, Trump escalated his tariff rhetoric. In response, India has called for a bilateral meeting with the US To discuss trade ties. Japan has raised auto tariff concerns with the US, seeking concessions. In the report, we look at if Trump's tariff strategy as leverage to negotiate deals is working.

Trump's escalates tariff threat with new 25% universal taxes

US President Donald Trump on Friday (Feb 14) announced that he planned to unveil tariffs for imported cars &ldquo;around April 2&rdquo;. This adds to a number of levies he has already introduced since his inauguration less than one month earlier on Jan 20, 2025.
Trump said that the tariffs were originally planned for April 1, but he delayed them - at a huge cost - to April 2, because he was superstitious.
Also read | <a href="https://www.wionews.com/world/trump-administration-dismisses-nearly-half-of-disease-detectives-even-as-bird-flu-concerns-rise-8722503">Trump administration dismisses nearly half of 'disease detectives' even as bird flu concerns&nbsp;rise</a>
Netizens were quick to troll the Republican president for avoiding April 1, which happens to be April Fools Day.
<h2>What did Trump say?</h2>
Donald Trump, according to CBS journalist Jennifer Jacobs' post on social media platform X said: &ldquo;I would have done them on April 1. Believe it or not, I'm a little superstitious&rdquo;.
&ldquo;No literally we had it planned for April 1. I said, 'let's make it April 2.' You know how much money that costs? That costs a lot of money just that one day,&rdquo; he added.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m7622a7e-4x1sl6lx-iigsz872">
Superstition is the reason the car tariffs won't be in place on April 1, Trump says in Oval. He says auto tariffs be imposed "maybe around April 2." "I would have done them on April 1. Believe it or not, I'm a little superstitious," he said. "No literally we had it planned for&hellip; <a href="https://t.co/PLgIvp3TY4">pic.twitter.com/PLgIvp3TY4</a>
&mdash; Jennifer Jacobs (@JenniferJJacobs) <a href="https://twitter.com/JenniferJJacobs/status/1890499124459438157?ref_src=twsrc%5Etfw">February 14, 2025</a></blockquote>
Also read | <a href="https://www.wionews.com/world/donald-trump-welcomes-pm-narendra-modi-to-white-house-but-warns-whatever-tariffs-india-charges-we-charge-them-8719329">Trump welcomes Modi with a bear hug and a warning: 'Whatever tariffs India charges, we charge them'</a>
<h2>Netizens troll Trump</h2>
Trump&rsquo;s statement was met with ridicule on social media as netizens trolled him for avoiding April 1.
On X, one user &lsquo;FekuBuster&rsquo; suggested that Trump &ldquo;didn't want to insult his voters on All Fools Day&rdquo;.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m7622qyl-8zsrjcy4-qqwua7kd">
Usually new rules are applicable from 1st of a month. Trump chose 2nd of April to make imported cars more expensive for Americans. He didn't want to insult his voters on All Fools Day 😃😃😃<a href="https://t.co/W0Q9dQCYxo">https://t.co/W0Q9dQCYxo</a>
&mdash; Jumla Buster (@FekuBuster) <a href="https://twitter.com/FekuBuster/status/1890623835730272759?ref_src=twsrc%5Etfw">February 15, 2025</a></blockquote>
Another user, &lsquo;SamTClemens&rsquo; made a wisecrack that April 1 was &ldquo;a sacred day for his people.&rdquo;
&ldquo;He would have launched them on April 1st except that's a sacred day for his people,&rdquo; joked the X user.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m7623fq1-glf0v7pc-3mmzm01j">
He would have launched them on April 1st except that's a sacred day for his people. Trump says auto tariffs to come &lsquo;around April 2&rsquo;<a href="https://t.co/pjQMhrnAxC">https://t.co/pjQMhrnAxC</a>
&mdash; Sam Clemens - Fuck Conservatives (@SamTClemens) <a href="https://twitter.com/SamTClemens/status/1890557421816287482?ref_src=twsrc%5Etfw">February 15, 2025</a></blockquote>
Also read | <a href="https://www.wionews.com/world/widow-of-alexei-navalny-slams-putin-says-any-ceasefire-deal-with-him-will-fail-he-will-betray-8723580">Widow of Alexei Navalny slams Putin, says any ceasefire deal with him will fail: 'He will betray'</a>
<h2>Trump&rsquo;s auto tariffs</h2>
Donald Trump, as per AFP, has referred to tariffs as a way to raise revenue, remedy trade imbalances and pressure countries to act on US concerns.&nbsp;
On Friday, he announced the auto tariff, which some reports suggest can go up to 25 per cent. Trump in his statement did not specify whether the tariffs would apply to all auto imports.&nbsp;
As per AFP, about 50 per cent of the cars sold in the US are manufactured within the country&rsquo;s borders, rest are imported from Mexico, Canada and major auto producing countries like Japan, South Korea, Germany, Britain, Italy and Sweden.&nbsp;
(With inputs from agencies)

Trending News | Donald Trump announces auto tariffs set for April 2, citing superstition as the reason for avoiding April 1, sparking online trolls and discussions.

US President Donald Trump on Friday (Feb 14) announced that he planned to unveil tariffs for imported cars “around April 2”. This adds to a number of levies he has already introduced since his inauguration less than one month earlier on Jan 20, 2025. Trump said that the tariffs were originally planned for April 1, but he delayed them - at a huge cost - to April 2, because he was superstitious. Also read | Trump administration dismisses nearly half of 'disease detectives' even as bird flu concerns rise Netizens were quick to troll the Republican president for avoiding April 1, which happens to be April Fools Day. What did Trump say? Donald Trump, according to CBS journalist Jennifer Jacobs' post on social media platform X said: “I would have done them on April 1. Believe it or not, I'm a little superstitious”. “No literally we had it planned for April 1. I said, 'let's make it April 2.' You know how much money that costs? That costs a lot of money just that one day,” he added. Superstition is the reason the car tariffs won't be in place on April 1, Trump says in Oval. He says auto tariffs be imposed "maybe around April 2." "I would have done them on April 1. Believe it or not, I'm a little superstitious," he said. "No literally we had it planned for… pic.twitter.com/PLgIvp3TY4 — Jennifer Jacobs (@JenniferJJacobs) February 14, 2025 Also read | Trump welcomes Modi with a bear hug and a warning: 'Whatever tariffs India charges, we charge them' Netizens troll Trump Trump’s statement was met with ridicule on social media as netizens trolled him for avoiding April 1. On X, one user ‘FekuBuster’ suggested that Trump “didn't want to insult his voters on All Fools Day”. Usually new rules are applicable from 1st of a month. Trump chose 2nd of April to make imported cars more expensive for Americans. He didn't want to insult his voters on All Fools Day 😃😃😃https://t.co/W0Q9dQCYxo — Jumla Buster (@FekuBuster) February 15, 2025 Another user, ‘SamTClemens’ made a wisecrack that April 1 was “a sacred day for his people.” “He would have launched them on April 1st except that's a sacred day for his people,” joked the X user. He would have launched them on April 1st except that's a sacred day for his people. Trump says auto tariffs to come ‘around April 2’https://t.co/pjQMhrnAxC — Sam Clemens - Fuck Conservatives (@SamTClemens) February 15, 2025 Also read | Widow of Alexei Navalny slams Putin, says any ceasefire deal with him will fail: 'He will betray' Trump’s auto tariffs Donald Trump, as per AFP, has referred to tariffs as a way to raise revenue, remedy trade imbalances and pressure countries to act on US concerns. On Friday, he announced the auto tariff, which some reports suggest can go up to 25 per cent. Trump in his statement did not specify whether the tariffs would apply to all auto imports. As per AFP, about 50 per cent of the cars sold in the US are manufactured within the country’s borders, rest are imported from Mexico, Canada and major auto producing countries like Japan, South Korea, Germany, Britain, Italy and Sweden. (With inputs from agencies)

Netizens troll Donald Trump's April 2 auto tariff announcement, say April Fools 'sacred day for his people'

John Bolton, who served as the National Security Advisor during a previous Trump administration, spoke exclusively to WION on a range of issues, including the creation of Doge, dismantling of US aid, and the Ukraine peace plan. Watch in for more details!

Trump's Former National Security Affairs Talks About Trump Policies | Exclusive Interview

US and India vowed to push for a new trade agreement as Indian Prime Minister Narendra Modi met US President Donald Trump at the White House. President Trump said that he and Prime Minister Modi have agreed to start talks to address long-running disparities in trade.

PM Modi's US visit: Trade & tariffs take centre stage in US-India talks

Just as US President&nbsp;<a href="https://www.wionews.com/tags/donald-trump-0" rel="dofollow">Donald Trump</a> was in the middle of announcing his proposed "reciprocal tariffs" on Thursday (Feb 13), a reporter quipped with a question and was met with a stark reply.&nbsp;&nbsp;
Trump was attending a press event at the White House, signing an executive order on the tariffs.&nbsp;
CNN's Kaitlan Collins, in the middle of the event, began to ask Trump, "Mr. President, you won the White House, in part because of high inflation. If your tariffs make prices go up..."
Also read: <a href="https://www.wionews.com/world/pm-modi-us-visit-live-updates-president-trump-to-host-dinner-for-indian-pm-at-white-house-full-schedule-8718153">PM Modi US visit Live: PM Modi, Trump address joint press&nbsp;conference</a>
Trump hushed her down, saying, "Excuse me, we haven't asked you to speak yet, please."
<blockquote class="twitter-tweet" data-media-max-width="560">
*Trump signs an Executive Order and displays it* *CNN Reporter Kaitlan Collins instantly starts yapping* TRUMP: &ldquo;Excuse me, we haven't asked you to speak yet&rdquo; *Camera pans slowly back to Trump* Like a scene out of a TV show🤣 <a href="https://t.co/PO5nOe5997">pic.twitter.com/PO5nOe5997</a>
&mdash; ALX 🇺🇸 (@alx) <a href="https://twitter.com/alx/status/1890153234913980666?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
Trump was showing the executive order to the journalists for the pictures when he was interrupted by Collins.&nbsp;
This happened during a formal session at the White House's Oval Office, where Trump announced reciprocal tariffs on imports to the US.&nbsp;
Also read: <a href="https://www.wionews.com/world/trump-says-us-to-provide-f-35-stealth-jets-to-india-increasing-military-sales-by-many-billions-of-dollars-8719295">Trump says US to provide F-35 stealth jets to India, increase military sales by 'many billions of dollars'</a>
While speaking in the Oval Office, he told reporters that US allies were often "worse than our enemies" on trade issues. The levies would be tailored to each US trading partner and consider factors like Value Added Tax (VAT).
"I've decided for purposes of fairness that I will charge a reciprocal tariff," Trump declared during the proclamation signing. &ldquo;It's fair to all. No other country can complain.&rdquo;
"No more or no less&hellip; They charge us a tax or tariff, and we charge the exact same tax or tariff&hellip; nobody knows what that number is&hellip; you go to an individual country and see what they are charging us," Donald Trump said.
Also read: <a href="https://www.wionews.com/world/friendship-between-india-and-us-strongest-it-has-ever-been-says-trump-after-bilateral-meet-with-modi-8719286">Friendship between India and US 'strongest it has ever been,' says Trump after bilateral meet with Modi</a>
This happened just hours before Trump was about to meet Indian PM Narendra Modi. Donald Trump has repeatedly criticised India&rsquo;s high tariff barriers.
(With inputs from agencies)

World, trending: This happened during a formal session at the White House's Oval Office, where Trump announced reciprocal tariffs on imports to the US.

Just as US President Donald Trump was in the middle of announcing his proposed "reciprocal tariffs" on Thursday (Feb 13), a reporter quipped with a question and was met with a stark reply. Trump was attending a press event at the White House, signing an executive order on the tariffs. CNN's Kaitlan Collins, in the middle of the event, began to ask Trump, "Mr. President, you won the White House, in part because of high inflation. If your tariffs make prices go up..." Also read: PM Modi US visit Live: PM Modi, Trump address joint press conference Trump hushed her down, saying, "Excuse me, we haven't asked you to speak yet, please." *Trump signs an Executive Order and displays it* *CNN Reporter Kaitlan Collins instantly starts yapping* TRUMP: “Excuse me, we haven't asked you to speak yet” *Camera pans slowly back to Trump* Like a scene out of a TV show🤣 pic.twitter.com/PO5nOe5997 — ALX 🇺🇸 (@alx) February 13, 2025 Trump was showing the executive order to the journalists for the pictures when he was interrupted by Collins. This happened during a formal session at the White House's Oval Office, where Trump announced reciprocal tariffs on imports to the US. Also read: Trump says US to provide F-35 stealth jets to India, increase military sales by 'many billions of dollars' While speaking in the Oval Office, he told reporters that US allies were often "worse than our enemies" on trade issues. The levies would be tailored to each US trading partner and consider factors like Value Added Tax (VAT). "I've decided for purposes of fairness that I will charge a reciprocal tariff," Trump declared during the proclamation signing. “It's fair to all. No other country can complain.” "No more or no less… They charge us a tax or tariff, and we charge the exact same tax or tariff… nobody knows what that number is… you go to an individual country and see what they are charging us," Donald Trump said. Also read: Friendship between India and US 'strongest it has ever been,' says Trump after bilateral meet with Modi This happened just hours before Trump was about to meet Indian PM Narendra Modi. Donald Trump has repeatedly criticised India’s high tariff barriers. (With inputs from agencies)

Trump shushes reporter during press conference. 'Haven't asked you to speak yet'

US President Donald Trump announced that the United States would unveil reciprocal tariffs later on Thursday. 'Today Is The Big One: Reciprocal Tariffs', Trump posted on Truth Social.

Donald Trump to sign reciprocal tariffs order soon

Donald trump confirms order on reciprocal tariffs

'Today is the big one: reciprocal tariffs', Trump on Truth Social

A group representing China's steel industry has warned that a new 25 percent tariff on imports of the product into the United States would have an "adverse impact" on the sector, Chinese state media reported Thursday.
"The US move is essentially an act of trade protectionism," the China Iron and Steel Association (CISA) said in a statement published by state broadcaster CCTV.
"In the short term, the impact on (China's) steel exports is limited," the CISA said in the report.
"But in the long term, the US move could lead other countries to follow suit, thereby reducing (China's) steel export competitiveness," it added.
Also read | <a href="https://www.wionews.com/world/trumps-steel-aluminium-tariffs-draw-criticism-from-canada-mexico-eu-8713263">Trump&rsquo;s steel, aluminium tariffs draw criticism from Canada, Mexico, EU</a>
Despite being the world's top producer of steel, China last year accounted for only a small proportion of US steel imports.
But with demand slumping in the domestic construction sector, Chinese steel exports have surged, spurring concerns in Washington about overcapacity in foreign markets with harmful effects on US producers.
US President Donald Trump signed executive orders on Monday slapping new 25 percent tariffs on steel and aluminium, due to come into effect on March 12.
"From a medium- and long-term perspective, the (US) increase in tariffs will have an adverse impact on industrial and supply chains in the global steel industry, including the Chinese steel industry," CISA deputy secretary-general Zhang Longqiang said, according to CCTV.
Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Business & economy | World | With demand slumping in the domestic construction sector, Chinese steel exports have surged, spurring concerns in Washington about overcapacity in foreign markets with harmful effects on US producers.

A group representing China's steel industry has warned that a new 25 percent tariff on imports of the product into the United States would have an "adverse impact" on the sector, Chinese state media reported Thursday. "The US move is essentially an act of trade protectionism," the China Iron and Steel Association (CISA) said in a statement published by state broadcaster CCTV. "In the short term, the impact on (China's) steel exports is limited," the CISA said in the report. "But in the long term, the US move could lead other countries to follow suit, thereby reducing (China's) steel export competitiveness," it added. Also read | Trump’s steel, aluminium tariffs draw criticism from Canada, Mexico, EU Despite being the world's top producer of steel, China last year accounted for only a small proportion of US steel imports. But with demand slumping in the domestic construction sector, Chinese steel exports have surged, spurring concerns in Washington about overcapacity in foreign markets with harmful effects on US producers. US President Donald Trump signed executive orders on Monday slapping new 25 percent tariffs on steel and aluminium, due to come into effect on March 12. "From a medium- and long-term perspective, the (US) increase in tariffs will have an adverse impact on industrial and supply chains in the global steel industry, including the Chinese steel industry," CISA deputy secretary-general Zhang Longqiang said, according to CCTV. Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

China's steel industry warns of 'adverse impact' of US tariffs

World leaders are reacting strongly to Trump’s March 12 executive order on metal tariffs. Germany warns of a unified European response, signaling the start of possible global tariff wars.

World leaders vow retaliation against Trump tariffs

US President Donald Trump on Monday made good on a promise to slap 25 per cent tariffs on steel and aluminium imports, stepping up a long-promised trade war despite warnings from Europe and China.
The Republican president had unveiled the policy on Sunday aboard Air Force One while flying to the Super Bowl in Louisiana.
Before he signed executive orders imposing the measures, global stock markets rose as traders with "tariff fatigue" appeared to shrug off Trump's plans.
"Today I'm simplifying our tariffs on steel and aluminium," Trump said in the Oval Office. "It's 25 per cent without exceptions or exemptions."
He also signalled that he would look at imposing additional tariffs on automobiles, pharmaceuticals and computer chips.
Canada and Mexico &ndash; which Trump has already threatened with tariffs &ndash; are the biggest steel importers to the United States, according to US trade data. Brazil and South Korea are also major steel providers.
"President Trump has made it clear that an important part of an America First Golden Age is steel production," National Economic Council Director Kevin Hassett told CNBC.
The US leader said he was considering an exemption for Australia from the steel tariffs, confirming comments made by Australian Prime Minister Anthony Albanese.
"We have a (trade) surplus to Australia, one of the few. And the reason is they buy a lot of airplanes. They are rather far away and need lots of airplanes," he said.
Trump has also promised an announcement on Tuesday or Wednesday on broader "reciprocal tariffs" to match the levies other governments charge on US products.
Also read | <a href="https://www.wionews.com/world/trump-warns-hamas-hell-will-break-out-unless-israeli-hostages-are-released-on-saturday-feb-15-israel-hamas-war-gaza-war-8709085">Trump warns Hamas 'all hell' will break loose unless Israeli hostages are released on Feb 15</a>
He imposed sweeping tariffs during his 2017-2021 presidency to protect US industries, which he believed faced unfair competition from Asian and European countries.&nbsp;
<h2>'Losers'</h2>
Canadian steelmakers warned of "massive" disruption, while the European Commission said it would "react to protect the interests of European businesses, workers and consumers from unjustified measures."
French President Emmanuel Macron vowed in an interview aired Sunday to go head-to-head with Trump over his wider tariff threats against the European Union, though he said the United States should focus its efforts on China.
German Economy Minister Robert Habeck said a tariff conflict "only has losers."
Around 25 per cent of European steel exports go to the United States, according to consultancy Roland Berger.
Britain's steel industry body called the tariff plan a "devastating blow."
Trump has already shown his fondness for weaponizing the United States' power as the world's largest economy, ordering tariffs on key trade partners China, Mexico and Canada soon after he took office.
Also read | <a href="https://www.wionews.com/world/no-justification-eu-awaits-details-on-trumps-tariff-plan-vows-to-respond-if-needed-8707908">&lsquo;No justification&rsquo;: EU slams Trump&rsquo;s tariff plan on steel, aluminium - Here&rsquo;s how Europe can retaliate</a>
He paused 25 per cent levies against Canada and Mexico for a month after both countries vowed to step up measures to counter flows of the drug fentanyl and the crossing of undocumented migrants into the United States.
<h2>'Tariff fatigue'</h2>
But Trump went ahead with tariffs on China, the world's second biggest economy, with products entering the United States facing an additional 10 percent levy.
Chinese retaliatory tariffs targeting US coal and liquified natural gas come into play on Monday.&nbsp;
Chinese foreign ministry spokesman Guo Jiakun said Monday that "there is no winner in a trade war and tariff war."
Trump also focused on steel during a visit by Japanese Prime Minister Shigeru Ishiba last week.&nbsp;
The American leader said he had secured an agreement for Japan's Nippon Steel to make a major investment in US Steel, instead of seeking to take over the troubled firm.
Trump, who has promised a "new golden age" for the United States, insists the impact of any tariffs would be borne by foreign exporters without being passed on to US consumers, despite most experts saying the contrary.
But he did acknowledge this month that Americans might initially feel economic "pain" from the levies.
Wall Street's main indices finished up Monday despite the tariff threat. London and Frankfurt set fresh records, while Hong Kong and Shanghai stocks also rose.
"The fact that global equity indices are higher at the start of the week could be a sign of tariff fatigue," said Kathleen Brooks, research director at trading group XTB.
The dollar also rose against the Canadian dollar, the Mexican peso and South Korean won on Monday.
Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

World | Canada and Mexico – which Trump has already threatened with tariffs – are the biggest steel importers to the United States, according to US trade data. Brazil and South Korea are also major steel providers.

US President Donald Trump on Monday made good on a promise to slap 25 per cent tariffs on steel and aluminium imports, stepping up a long-promised trade war despite warnings from Europe and China. The Republican president had unveiled the policy on Sunday aboard Air Force One while flying to the Super Bowl in Louisiana. Before he signed executive orders imposing the measures, global stock markets rose as traders with "tariff fatigue" appeared to shrug off Trump's plans. "Today I'm simplifying our tariffs on steel and aluminium," Trump said in the Oval Office. "It's 25 per cent without exceptions or exemptions." He also signalled that he would look at imposing additional tariffs on automobiles, pharmaceuticals and computer chips. Canada and Mexico – which Trump has already threatened with tariffs – are the biggest steel importers to the United States, according to US trade data. Brazil and South Korea are also major steel providers. "President Trump has made it clear that an important part of an America First Golden Age is steel production," National Economic Council Director Kevin Hassett told CNBC. The US leader said he was considering an exemption for Australia from the steel tariffs, confirming comments made by Australian Prime Minister Anthony Albanese. "We have a (trade) surplus to Australia, one of the few. And the reason is they buy a lot of airplanes. They are rather far away and need lots of airplanes," he said. Trump has also promised an announcement on Tuesday or Wednesday on broader "reciprocal tariffs" to match the levies other governments charge on US products. Also read | Trump warns Hamas 'all hell' will break loose unless Israeli hostages are released on Feb 15 He imposed sweeping tariffs during his 2017-2021 presidency to protect US industries, which he believed faced unfair competition from Asian and European countries. 'Losers' Canadian steelmakers warned of "massive" disruption, while the European Commission said it would "react to protect the interests of European businesses, workers and consumers from unjustified measures." French President Emmanuel Macron vowed in an interview aired Sunday to go head-to-head with Trump over his wider tariff threats against the European Union, though he said the United States should focus its efforts on China. German Economy Minister Robert Habeck said a tariff conflict "only has losers." Around 25 per cent of European steel exports go to the United States, according to consultancy Roland Berger. Britain's steel industry body called the tariff plan a "devastating blow." Trump has already shown his fondness for weaponizing the United States' power as the world's largest economy, ordering tariffs on key trade partners China, Mexico and Canada soon after he took office. Also read | ‘No justification’: EU slams Trump’s tariff plan on steel, aluminium - Here’s how Europe can retaliate He paused 25 per cent levies against Canada and Mexico for a month after both countries vowed to step up measures to counter flows of the drug fentanyl and the crossing of undocumented migrants into the United States. 'Tariff fatigue' But Trump went ahead with tariffs on China, the world's second biggest economy, with products entering the United States facing an additional 10 percent levy. Chinese retaliatory tariffs targeting US coal and liquified natural gas come into play on Monday. Chinese foreign ministry spokesman Guo Jiakun said Monday that "there is no winner in a trade war and tariff war." Trump also focused on steel during a visit by Japanese Prime Minister Shigeru Ishiba last week. The American leader said he had secured an agreement for Japan's Nippon Steel to make a major investment in US Steel, instead of seeking to take over the troubled firm. Trump, who has promised a "new golden age" for the United States, insists the impact of any tariffs would be borne by foreign exporters without being passed on to US consumers, despite most experts saying the contrary. But he did acknowledge this month that Americans might initially feel economic "pain" from the levies. Wall Street's main indices finished up Monday despite the tariff threat. London and Frankfurt set fresh records, while Hong Kong and Shanghai stocks also rose. "The fact that global equity indices are higher at the start of the week could be a sign of tariff fatigue," said Kathleen Brooks, research director at trading group XTB. The dollar also rose against the Canadian dollar, the Mexican peso and South Korean won on Monday. Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Trump signs executive orders to impose tariffs on steel, aluminium

The White House has called India's tariffs "enormously high," pushing for fairer trade policies. Reports suggest India is considering tariff reductions in multiple sectors, with Modi’s upcoming Washington visit set to focus on trade negotiations.

White House: India has enormously high tariffs

Donald Trump said he would impose 25 percent tariffs on all steel and aluminium imports, expanding his trade conflicts to the metals sector. Watch this report for more details!

Donald Trump to impose 25% tariffs on steel, aluminium imports

A new poll reveals that 56% of Americans support Trump's tariffs on China, but most disapprove of tariffs on other countries. While inflation remains a concern, lowering consumer prices is a top priority.

Trump's approval rating climbs as Americans back China tariffs

India is reviewing tariffs on over 30 key imports, including significant cuts on solar cells, household goods, and luxury cars. The peak import tariff has been reduced from 150% to 70%, potentially benefiting US exports and signaling a shift in trade dynamics.

India cuts tariffs on key imports in possible 'homage' to Trump’s trade policies

China on Tuesday imposed additional tariffs on some US products in response to Donald Trump's tariffs. Watch this report for more details!

China to impose 15% tariffs on US coal, gas,

China imposes up to 15% tariffs on US goods

Asia stocks jumped while the dollar was on a rollercoaster ride as U.S. President Donald Trump paused the tariffs on Mexico and Canada for a month. The deep sell-off and the reversal in markets within 24 hours reflect Trump's dealmaking underscores that everything was negotiable.

Stocks recoup losses after Trump delays tariffs

Donald Trump confidently states that tariffs will be imposed on the EU and UK, escalating trade tensions and signaling potential economic challenges for both regions.

Donald Trump asserts tariffs will "definitely happen" with EU and UK amid trade tensions

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