Dwell updates: Trump information, tariff pause and China retaliation, CNN city corridor with members of Congress

China says it stays keen to barter with the US after President Donald Trump raised his tariffs on Chinese language imports to 125%.

However the spokesperson additionally reiterated that China won’t again down if Trump chooses to additional escalate the commerce warfare.

“If the US chooses confrontation, China will reply in sort. Stress, threats, and blackmail are usually not the correct methods to take care of China.”

The feedback got here hours after Beijing imposed retaliatory 84% tariffs on US imports to China.

The Chinese language International Ministry was requested by reporters on Thursday about Beijing’s response to Trump’s pausing of “reciprocal” tariffs on all international locations aside from China.

Spokesperson Lin Jian sidestepped the query and as a substitute referred to as US tariffs “a blatant act that defies common condemnation and goes in opposition to all the world.”

However regardless of the federal government placing a persistently defiant tone, China’s export sector, a shiny spot in an in any other case lackluster economic system, is bracing for influence.

Funding financial institution Goldman Sachs anticipates the US tariffs will “considerably weigh” on the Chinese language economic system and labor market. It has downgraded its GDP development forecasts for 2025 and 2026 to 4.0% and three.5%, respectively, from earlier projections of 4.5% and 4.0%.