China warns Trump on tariffs, threatens retaliation on supply chain deals | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
July 08, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JULY 08, 2025
China warns Trump on tariffs, threatens retaliation on supply chain deals

China

Reuters
08 July, 2025, 01:25 pm
Last modified: 08 July, 2025, 03:51 pm

Related News

  • US tariff on Bangladeshi goods may exceed 50% with newly imposed tariff
  • New trade war deadline prolongs instability: UN trade agency
  • Southeast Asia, spooked by Trump tariffs, presses for more talks
  • US tariff on Bangladeshi goods not final, can be reduced through negotiations: Finance adviser
  • Samsung flags big miss in second-quarter profit, blames US AI chip curbs on China

China warns Trump on tariffs, threatens retaliation on supply chain deals

Washington and Beijing agreed to a trade framework in June that restored a fragile truce, but with many details still unclear, traders and investors on both sides of the Pacific are watching to see if it will unravel or lead to a lasting detente.

Reuters
08 July, 2025, 01:25 pm
Last modified: 08 July, 2025, 03:51 pm
China and US flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
China and US flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Highlights:

  • People's Daily says dialogue is only path to lasting trade pact
  • Says China must stick to principles on tariffs
  • Warns nations against US tariff deals that harm China

China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains.

Washington and Beijing agreed to a trade framework in June that restored a fragile truce, but with many details still unclear, traders and investors on both sides of the Pacific are watching to see if it will unravel or lead to a lasting detente.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

On Monday, President Donald Trump began notifying trade partners of sharply higher US tariffs from August 1, after he delayed all but 10% of his April duties on most countries to give them time to strike deals with the world's largest economy.

China, initially singled out with tariffs exceeding 100%, has until August 12 to reach an agreement with the White House to keep Trump from reinstating additional import curbs imposed during tit-for-tat tariff exchanges in April and May.

"One conclusion is abundantly clear: dialogue and cooperation are the only correct path," the official People's Daily said in a commentary, referring to the exchanges in the current round of China-US trade tension.

The article was signed "Zhong Sheng", or "Voice of China", a term the paper uses to express views on foreign policy.

Reiterating Beijing's view that Trump's tariffs amount to "bullying", the paper added, "Practice has proven that only by firmly upholding principled positions can one truly safeguard one's legitimate rights and interests."

The remarks set the stage for another round of tariff war should Trump stick to what the ruling Communist Party's official daily said was "a so-called 'final deadline.'"

The average US tariff on Chinese exports now stands at 51.1%, while the average Chinese duty on US goods is 32.6%, with both sides covering all their trade, the Peterson Institute for International Economics said.

The paper also took a swipe at regional economies that are considering striking tariff reduction deals with the United States that cut China out of their supply chains.

Last week, Vietnam secured a tariff reduction to 20% from 46% with a deal for goods "transshipped" through it, typically originating from China, to be subjected to a levy of 40%.

"China firmly opposes any side striking a deal that sacrifices Chinese interests in exchange for tariff concessions," the paper said.

"If such a situation arises, China will not accept it and will respond resolutely to protect its legitimate interests."

Top News / World+Biz / Global Economy

Trump Tariffs / Trump Trade War

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: Collected
    US tariff on Bangladeshi goods may exceed 50% with newly imposed tariff
  • Finance Adviser Saleh Uddin Ahmed. Sketch: TBS
    US tariff on Bangladeshi goods not final, can be reduced through negotiations: Finance adviser
  • Why Bangladesh's tariff talks with the US were unsuccessful
    Why Bangladesh's tariff talks with the US were unsuccessful

MOST VIEWED

  • The Mitsubishi Xpander is built with families in mind, ready to handle the daily carpool, grocery runs, weekend getaways, and everything in between. PHOTO: Akif Hamid
    Now made-in-Bangladesh: 2025 Mitsubishi Xpander
  • Illustration: Ashrafun Naher Ananna/TBS Creative
    World’s largest container shipping companies
  • Representational image
    Dhaka gets relief as Trump pushes tariff deadline to 1 Aug
  • A quieter scene at Dhaka University’s central library on 29 June, with seats still unfilled—unlike earlier this year, when the space was overwhelmed by crowds of job aspirants preparing for competitive exams. Photo: Tahmidul Alam Jaeef
    No more long queues at DU Central Library. What changed?
  • Illustration: Duniya Jahan/TBS Creative
    Inflation drops below 9% after 27 months
  • Illustration: Duniya Jahan/TBS Creative
    Young population believe BNP to get 39% of votes, Jamaat 21%, NCP 16% in national polls: Sanem survey

Related News

  • US tariff on Bangladeshi goods may exceed 50% with newly imposed tariff
  • New trade war deadline prolongs instability: UN trade agency
  • Southeast Asia, spooked by Trump tariffs, presses for more talks
  • US tariff on Bangladeshi goods not final, can be reduced through negotiations: Finance adviser
  • Samsung flags big miss in second-quarter profit, blames US AI chip curbs on China

Features

Dr Mostafa Abid Khan. Sketch: TBS

Actual impact will depend on how US retailers respond: Mostafa Abid Khan

9h | Economy
Thousands gather to form Bangla Blockade in mass show of support. Photo: TBS

Rebranding rebellion: Why ‘Bangla Blockade’ struck a chord

1d | Panorama
The Mitsubishi Xpander is built with families in mind, ready to handle the daily carpool, grocery runs, weekend getaways, and everything in between. PHOTO: Akif Hamid

Now made-in-Bangladesh: 2025 Mitsubishi Xpander

1d | Wheels
Students of different institutions protest demanding the reinstatement of the 2018 circular cancelling quotas in recruitment in government jobs. Photo: Mehedi Hasan

5 July 2024: Students announce class boycott amid growing protests

3d | Panorama

More Videos from TBS

July-August uprising in memory of Chatradal leader

July-August uprising in memory of Chatradal leader

39m | TBS Stories
Solar panels to be installed in government buildings, educational institutions, hospitals within six months

Solar panels to be installed in government buildings, educational institutions, hospitals within six months

1h | TBS Insight
News of The Day, 08 JULY 2025

News of The Day, 08 JULY 2025

1h | TBS News of the day
Trump sends letter to Yunus imposing 35% tariff on Bangladeshi products

Trump sends letter to Yunus imposing 35% tariff on Bangladeshi products

2h | TBS Economy
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net