China Warns of Retaliation Against US Allies
China's Ministry of Commerce warned on Monday that it will retaliate against countries that cooperate with the U.S. in ways that harm Beijing's interests. The Trump administration is reportedly planning to use tariff negotiations to pressure U.S. partners to limit their dealings with China. Trump paused major tariff increases on other countries for 90 days but raised duties on Chinese goods to 145%. China has retaliated with 125% tariffs on U.S. imports, restricted critical mineral exports, and blacklisted several U.S. companies. Analysts do not expect a U.S.-China deal soon, though Trump anticipates an agreement in the next three to four weeks. Last week, Chinese President Xi Jinping visited Vietnam, Malaysia, and Cambodia, calling for joint efforts against tariffs and unilateral bullying. Since Trump's initial tariffs, China has increased trade with Southeast Asia, now its largest regional trading partner.