China’s Commerce Ministry will take necessary countermeasures on Donald Trump's higher tariffs
FXStreetMar 4, 2025 1:52 AM
China’s Commerce Ministry said early Tuesday that the country vowed to take “necessary countermeasures” to safeguard China’s legitimate rights and interests. The ministry reiterated its firm opposition to the US move to impose another 10% tariff on Chinese imports starting on Tuesday.
The Commerce Ministry spokesperson said that the US disregarded facts, international trade rules, and the voices of various parties, and such a move is a typical example of unilateralism and bullying.
Market reaction
At the time of writing, the AUD/USD pair is down 0.12% on the day at 0.6212.
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