China Criticizes US-UK Trade Deal, Emphasizes Non-Targeting as Basic Principle

Date:

President Donald Trump announced a pause on tariffs involving China for 90 days as both nations work toward a final agreement.

China has expressed concerns regarding the recent trade agreement between the United States and the United Kingdom, which could potentially marginalize Chinese products from British supply chains. This agreement, finalized last week, includes stringent security requirements for the UK’s steel and pharmaceutical sectors.

Commenting on the agreement, China emphasized the importance of not targeting other nations in trade deals, as reported by the Financial Times. The Chinese foreign ministry stated that cooperation should not harm the interests of third parties.

The trade pact, according to reports, could see reduced tariffs on British car and steel exports to the U.S. However, a baseline 10% duty remains on other British goods. This reduction is contingent on the UK’s adherence to U.S. supply chain security requirements and ownership of relevant production facilities, with American officials indicating China as the primary concern for these conditions.

The agreement also notes that tariff relief for British products will depend on investigations into the impact of imports on U.S. national security.

The UK’s agreement to these security conditions has surprised Beijing, especially given the efforts of Prime Minister Keir Starmer’s government to strengthen ties with China. A Chinese government advisor suggested that the UK should have reconsidered the speed of this agreement.

The UK government defended the trade deal, stating its purpose to secure jobs, protect businesses, and lay the groundwork for future trade. Despite signing the agreement, the UK reaffirmed the importance of trade with China, emphasizing pragmatic engagement rooted in both UK and global interests.

Separately, the U.S. and China agreed on Monday to reduce reciprocal tariffs by 115% for 90 days, continuing negotiations to resolve ongoing trade tensions.

Source link

DMN8 Partners
DMN8 Partnershttps://salvonow.com/
DMN8 Partners utilizes a strategy of Cross Channel marketing including local search engine optimization, PPC, messaging and hyper-targeted audiences allow our clients to experience results and ROI that fuel growth and expansion in their operations. There are a lot of digital marketing options across the country but partnering with an agency that understands multiple touches on multiple platforms allows your company’s message to be seen at the perfect time, on the perfect platform, by your perfect prospect. DMN8 Partners has had years of experience growing businesses. Start growing your business today and begin DOMINATE-ing your market.

More like this
Related

Trump Tariffs Halt Private Equity Dealmaking Recovery

The White House Watch newsletter offers insights into the...

Trump Burger Gains Popularity Among Fans, Faces Criticism from Opponents

Certainly, here's a paraphrased version in third person: --- A newly...

Citizenship and the Constitution Dilemma

On the day of his second inauguration, President Donald...

Viewing the Northern Lights in the U.S. This Week

The Northern Lights Reappear: Viewing Opportunities Along the U.S.-Canadian...