Beijing has accused Washington of hypocrisy after Donald Trump threatened to impose an additional 100% tariff on Chinese goods, reigniting fears of another trade war between the world’s two largest economies.
China’s commerce ministry denounced the move as a “typical example of U.S. double standards,” warning that it could trigger retaliatory measures of its own. Officials insisted that China was “not afraid” of an escalation and would “respond appropriately” if the tariffs were enforced.
Trump’s remarks came after Beijing announced new restrictions on rare earth exports — minerals critical to the production of smartphones, solar panels, and military technology. The U.S. president accused China of “hostile behavior,” claiming it sought to hold the world “captive” through its control of essential resources.
By the end of the week, markets had reacted sharply. Wall Street posted one of its steepest declines since April, while Asian indexes tumbled early Monday. The uncertainty revived memories of 2018’s tariff standoff, which unsettled global trade and bruised both economies.
China’s statement, delivered through its commerce ministry, argued that the U.S. has “overstretched the concept of national security” and “abused export control measures” by targeting Chinese technology firms and restricting semiconductor access. In contrast, Beijing described its export limits on rare earths as “routine measures” meant to protect both national and global security.
The renewed exchange adds fresh tension to an already fragile diplomatic landscape. Only months ago, both countries had agreed to suspend steep tariffs, raising hopes for stability. But the latest rhetoric signals that those efforts may be unraveling.
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Trump, in a characteristically defiant tone, later downplayed the situation, insisting that “it will all be fine” and calling Chinese President Xi Jinping a “highly respected” leader who had merely “had a bad moment.”
For now, the promise of dialogue remains uncertain. A meeting between both leaders — once expected to smooth the rift — hangs in doubt. What’s clear is that the old trade wounds between Washington and Beijing are opening once again, and the rest of the world may feel the tremors first.