Plastic toy car sets at at the Shenzhen Kate Plastic Products Co. factory in Shenzhen, China, on Wednesday, June 4, 2025. China, initially singled out with tariffs exceeding 100 per cent, 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. - Bloomberg
BEIJING: China warned the Trump administration on Tuesday (July 8) 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.
