China has issued a chilling warning to the United States in the wake of US President Donald Trump’s tariff decisions, warning the country they will “fight till the end”.
The two nations with powerhouse economies have already entered into a concerning trade tariff war, with Mr Trump first slapping more tariffs on Chinese goods, before China hit back with 10 – 15 per cent tariffs on US farm goods.
The Chinese Embassy in the US issued a warning to the United Stated on Tuesday, saying: “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 included a previous post made by Ministry of Foreign Affairs spokesperson account which claimed “the fentanyl issue is a flimsy excuse to raise US tariffs on Chinese imports”.
China has kept its economic growth target for this year unchanged at roughly 5 per cent, committing more fiscal resources than last year to fend off deflationary pressures and mitigate the impact of rising US trade tariffs.
The target was included in a government document prepared for the annual meeting of the National People’s Congress (NPC), China’s rubber-stamp parliament.
An escalating trade war with Mr Trump’s administration is threatening to crimp China’s economic jewel, its sprawling industrial complex, at a time when persistently sluggish household demand and the unravelling of the debt-laden property sector are leaving the economy increasingly vulnerable.
China’s Premier Li Qiang has also committed to boosting the nations defence spend, saying,: “changes unseen in a century were unfolding across the world at a faster pace.”
Mr Trump has also dangled tariffs at a long list of countries, including some which would consider themselves staunch US allies, threatening a decades-old global trade order that Beijing has built its economic model around.
Pressure has been building on Chinese officials to introduce policies that put more money into consumers’ pockets and reduce the world’s second-largest economy’s reliance on exports and investment for growth.
China also aims for a budget deficit of 4 per cent of gross domestic product (GDP) in 2025, up from 3 per cent in 2024, showed the report, which promised a “special action plan” to stimulate consumption.
Beijing plans to issue 1.3 trillion yuan ($A286 billion) in special treasury bonds this year, up from 1 trillion in 2024. Local governments will be allowed to issue 4.4 trillion yuan in special debt, up from 3.9 trillion.
– With Reuters
https://thewest.com.au/politics/world-politics/china-warns-united-states-theyre-ready-to-fight-till-the-end-in-any-kind-of-war-if-the-us-persists-c-17942526
