Nigel Green
China has abandoned any pretense of negotiation, slamming the door on hopes for an immediate truce with Washington.
Over the weekend, Beijing not only matched US tariffs tit-for-tat but also unleashed a sweeping package of retaliatory measures that leaves little doubt: the world’s two largest economies are barreling toward a full-blown decoupling.
China’s Ministry of Foreign Affairs minced no words, warning that Beijing “will continue to take resolute measures to safeguard its sovereignty, security and development interests.”
This warning was no hollow threat. Within hours, Beijing slapped a crushing 34% tariff on all US goods — a mirror to the latest US hikes — while layering it atop the 10-15% tariffs previously imposed earlier this year.
This escalation isn’t just economic; it’s strategic.
China tightened its grip on key rare earth exports, crucial for global tech and defense industries, and banned shipments of dual-use technologies to a dozen US firms, primarily in aerospace and defense.
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