'The sky will not fall': China subtracts Donald Trump's rates such as exporting the export | Today news

China has set aside concerns about the impact of US rates on its export, even if the tensions between Beijing and Washington are still upsetting the global markets. Chinese official Lyu said: ‘The sky will not fall’ for Chinese exports, adding: ‘These efforts not only supported our partners’ development, but also improved our own resilience.’ Despite the latest tariff increase, China’s customs division said the country’s “large domestic market” would serve as a stabilizing force. “China will turn domestic security into a buffer against global volatility,” the Customs report reads. China’s exports had a sharp increase last month, which reflects a likely rabbit to send goods before Donald Trump’s “Liberation Day” tariffs, which are at risk of rising in a full -scale trade war between the world’s two largest economies. Stock markets climbed on Monday, raised by signs of relief restrictions on electronics. While some exemptions were offered for electronics over the weekend, US trade secretary Howard Lutnick made it clear that smartphones, laptops and semiconductors were still facing future charges. “These devices will be included in the semiconductor rates that are likely to come in for a month or two,” Lutnick said. Trump confirmed the difficult stance in a post on Truth Social and wrote: “Nobody gets” from the hook, “warning that the current 20% lymphone charges can still rise. XI: “There are no winners in a trade war” Meanwhile, Chinese President Xi Jinping, who started a Southeast Asian diplomatic tour, asked to return to collaboration. In a joint editorial staff published in Vietnamese and Chinese state media, Xi wrote: “There are no winners in a trade war or a tariff war.” He added: “Our two countries must certainly protect the multilateral trading system, stable global industrial and supply chains, and an open and cooperative international environment.” China’s warning about the impact of US rates on April 12 expressed concerns Minister Wang Wentao from China, about the growing tensions in the US -China trade war, saying that the US reciprocal rates could cause serious damage to poorer countries. This statement highlights the negative global impact of the tariff increases as both countries continue to exchange penalty levies. Beijing called on us to cancel rates on April 13, and requested the Trump administration to take decisive steps to unbutton the situation. A Chinese official called on the full cancellation of the reciprocal rates imposed by the US, which has now reached a staggering 145%. A spokesman for the Ministry of Trade in China, in a statement quoted by AFP, said: “We are calling on the US to take a big step to correct his mistakes, completely cancel the wrong practice of” reciprocal tariff “and return to the right path of mutual respect.” No conversations are planning, despite optimism despite the increasing tensions, says White House, President Trump remains ‘optimistic’ about reaching a trade agreement. However, US trade representative Jamieson Greer said on CBS that “we have no plans” for talks between Trump and XI. Greer added that the administration was negotiating with several other countries. “We work day and night around the clock, share paper, receive offers and provide feedback,” he said. China is pushing back, insisting on changing course to a sharp drop in the US stock markets on April 5, caused by China’s announcement of retaliation tariffs, Guo Jiakun, spokesperson for Foreign Affairs spokesman, requested the approach to reconsider the approach. “Now is the time that the US stops doing the wrong things and solving the differences with trading partners through equal feet,” Guo posted on social media. First published: 14 Apr 2025, 22:13 IST