5/4/2025–|Last update: 5/4/202505:51 PM (Mecca time)
US President Donald Trump said today, Saturday, that the American trade war on commercial partners will bear fruit in the United States, but “this will not be easy”, calling for “steadfastness”, in the wake of a Chinese response and a significant decline in global financial markets.
The US President wrote, on his platform Truth Social, that “China made a much more severe blow than the United States (…) We restore jobs and companies as we have not prepared before (…) It is an economic revolution and we will win.
In his speech, Trump pointed out that his administration was able to attract investments of more than 5 trillion dollars so far and the number is rapidly increasing.
Trump justified his procedures that China and other countries were “poorly treated”, but this is now over.
China’s response
In the context of its response to the American measures, the Chinese Foreign Ministry announced today, Saturday, that China has taken and will continue to take firm measures to protect its sovereignty, security and development interests, noting the position of the Chinese government opposing US customs duties.
The ministry added that the United States should “stop using customs duties as a weapon to suppress the economy and trade of China, and stop undermining the legitimate development rights of the Chinese people.”
Trump has imposed additional customs duties of 34% on Chinese commodities, as part of the exorbitant customs duties imposed on most of the United States trading partners, bringing the total customs duties imposed on China this year to 54%.
This prompted China to take revenge measures on Friday, which included imposing additional 34% fees on all American goods, and imposing restrictions on the export of some rare minerals, which led to the escalation of the trade war between the two largest economies in the world.
