China on Thursday said it is in working-level communication with the US on the deadlock over their high-intensity tariff war but asserted that the person who tied the bell should untie it. The Chinese Commerce Ministry spokesperson He Yongqian was reacting to a jibe from US President Donald Trump, who was quoted as saying, The ball is in China's court, and China needs to make a deal with us. In response, the Chinese spokesperson quoted a proverb, saying, The person who tied the bell must be the one who unties it. Analysts here said talks between the two countries will be held at official levels before any dialogue between top leaders. In response to a question, spokesperson He told the media briefing here that the ministry has been always maintaining working-level communication with its US counterparts. While expressing Beijing's willingness for talks He, however said, We urge the US to immediately stop its maximum pressure tactics, coercion, and blackmail, and resolve differences
US President Trump signs executive order to investigate into the national security risks associated with imported critical minerals
In retaliation to US' 145% tariff, China has slapped a 125% per cent levy on US imports - effectively doubling the price of Boeing jets
China and the US have spent the past two weeks locked in an escalating trade war, with both sides piling on new tariffs and raising barriers to trade
Chinese authorities have stepped in to retain domestic manufacturing as the Trump administration looks to encourage business to shift the US
Chinese President Xi Jinping has embarked on his first international trip to meet with leaders in Vietnam, Malaysia, and Cambodia amid US trade war
As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure
A 2018 speech by Chinese President Xi Jinping goes viral as US and China implement tit-for-tat tariffs on one another
US-China trade war: 20, 54, 104, 125 per cent tariffs, company backlisting, antitrust probes, lawsuits, and more
China is reaching out to other nations as the US layers on more tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success from countries unwilling to ally with the main target of President Donald Trump's trade war. Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions. China has refused to seek talks, saying the US was insincere and that it will fight to the end in a tariff war, prompting Trump to further jack up the tax rate on Chinese imports to 125%. China has retaliated with tariffs on US goods of 84%, which took effect Thursday. Trump's move was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China. China has thus far focused on Europe, with a phone call
In another sign of how the zeitgeist for China Inc is slowly changing, a Beijing law firm was fined in March for not taking corrective measures after it illegally extended staff working hours
Beijing highlights mutual gains in US-China trade relations, warns against Trump's protectionist policies, and more in white paper
The administration has scheduled talks with South Korea and Japan, two close allies and major trading partners, and Italian Prime Minister Giorgia Meloni is due to visit next week
If the US follows through with an additional 50 per cent duty - after China refused to roll back its retaliatory tariffs
It could be easier for India to deal with reciprocal tariffs by increasing imports from the US to protect its existing exports to the US, said analysts at Kotak Institutional Equities.
Congress MP Manish Tewari slams Centre over high fuel prices despite crude oil plunge; questions if dynamic pricing is only a one-way street as excise duty is hiked
China on Monday accused the US of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to take concrete actions to resolve the tariffs. Putting America First over international rules harms the stability of global production and the supply chain and seriously impacts the world's economic recovery, Foreign Affairs spokesperson Lin Jian told reporters. Last week, Trump put an additional 34% tariff on Chinese goods as part of Liberation Day, coming on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing's role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on US goods, mirroring Trump's tariff rate for China. On Monday, Beijing struck a note of confidence even as markets in Hong Kong and Shanghai tumbled. The People's Daily, the Communist Party's official mouthpiece, had strong words.
Signals resilience as it counters US tariffs with plans to boost domestic demand through stimulus measures, including possible interest rate cuts, amid ongoing trade tensions
As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets
The trade standoff may wallop the economy just as its performance was steading in the beginning of 2025, with little sign of damage from tariff increases so far