On the 5th, a spokesperson for the Chinese Ministry of Foreign Affairs criticized the United States for announcing the imposition of reciprocal tariffs on trading partners worldwide via Facebook.
Guo Zhaokun, spokesperson for the Chinese Ministry of Foreign Affairs, posted on Facebook in the early morning a photo showing the Dow Jones Industrial Average and two other major U.S. stock indices each closing down by over 5% on the 4th (local time), along with the caption "The stock market speaks."
Through this, Spokesperson Guo pointed out that the U.S. stock market fell into panic for two consecutive days as fears of an economic recession grew due to the U.S. imposing tariffs on countries around the world.
Guo stated, "The trade and tariff war initiated by the United States against the world is baseless and unjust," adding, "The United States should stop its wrongful actions and resolve differences through equal negotiations with its trading partners."
After U.S. President Donald Trump announced an additional 34% reciprocal tariff on China, Chinese authorities decided the previous day to impose a retaliatory 34% tariff on all U.S. imports. In addition, sanctions against U.S. companies were also announced.
In response to the U.S. reciprocal tariffs and the abolition of small parcel duty exemptions, organizations such as the China Association of Automobile Manufacturers, China National Textile and Apparel Council, and China National Light Industry Council issued statements condemning the U.S. government one after another the previous day. On this day as well, related Chinese industries continued to release a series of condemnation statements.
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