CHINA

In a time of rising global tension between East and West, China has sent a clear message to the world: we will not bow to American pressure. Beijing is calling on BRICS countries to reject concessions and stand firm against U.S. tariff threats, as Washington signals new trade actions.
During a high-level diplomatic meeting in Rio de Janeiro, Chinese Foreign Minister Wang Yi declared that giving in to pressure only invites more demands. He accused the U.S. of weaponizing tariffs to gain an unfair advantage over other nations.

💬 “Those Who Stay Silent, Pay More”
Wang compared the U.S. to a bully testing its limits. “If you remain silent and submit, it only encourages further aggression,” he warned. His strong statement came just as the U.S. administration hinted at fresh trade restrictions targeting Beijing.
To reinforce the message, China released a bold video with bilingual subtitles.

“China will not kneel,” said the narrator.

The video emphasized that standing up preserves cooperation, while compromise kills it.

📈 Market Response: Cautious Optimism
As diplomatic rhetoric intensified, Asian markets responded with mild optimism:

🔹 The offshore yuan rose by 0.2% — its strongest level in over three weeks

🔹 Hong Kong stocks gained up to 1.1%

🔹 Mainland Chinese equities dipped slightly in afternoon trading
Beijing continues to position itself as a defender of free trade, even as U.S. tariffs threaten to reshape the global economy. Chinese officials have repeatedly urged their partners not to enter side deals with Washington.

U.S.: The First Move Must Come from China
Meanwhile, the U.S. insists the next step is China’s to make. Treasury Secretary Scott Bessent told CNBC that Washington has more tools at its disposal and may use them if negotiations remain stalled.
He acknowledged China’s temporary suspension of 125% tariffs on select U.S. imports — including medical equipment, aircraft leasing, and certain semiconductors — but said that no real dialogue is happening yet.
In a separate interview with Fox News, Bessent warned that if China doesn’t return to the table, U.S. export bans could be introduced to increase leverage.

❌ Beijing Denies Any Ongoing Negotiations
China has denied reports of ongoing trade talks, stating that negotiations can only begin once all tariffs are lifted and both sides treat each other as equal partners.
At the same time, China is working to soften the blow to its economy.

🔹 Analysts at Nomura estimate that up to 15.8 million jobs in China could be affected

🔹 Goldman Sachs highlights the apparel and chemical sectors as being especially vulnerable due to their heavy reliance on exports to the U.S.
On Monday, Chinese ministries pledged support for exporters impacted by tariffs and said the central bank would inject liquidity and lower interest rates “when appropriate” to boost economic growth. Exports accounted for roughly a third of China’s economic expansion last year.

🧭 BRICS Seen as a Shield Against Trade Wars
In his closing remarks, Wang urged BRICS partners to remain firm:
“The United States, which has long benefited from free trade, now goes as far as using tariffs as a bargaining tool.”

As words escalate and strategies form behind closed doors, China is rallying support for a united front, sending a strong message to Washington:

We will not back down.

#china , #Tariffs , #globaleconomy , #USPolitics , #TrendingTopic

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