China Says 'Market has Spoken' After US Tariffs Spark Selloff

April 05, 2025, 05.25 PM | Source: Reuters

ILUSTRASI. China said the market has spoken in rejecting U.S. President Donald Trump's tariffs and called on Washington for equal-footed consultation. REUTERS/Florence Lo/Illustration

DONALD TRUMP - BEIJING. China said on Saturday "the market has spoken" in rejecting U.S. President Donald Trump's tariffs, and called on Washington for "equal-footed consultation" after global markets' dramatic reaction to the trade levies, which drew Chinese retaliation.

Several Chinese commerce associations in industries from healthcare and textiles to electronics also issued statements on Saturday calling for unity in exploring alternative markets and warning that the tariffs would worsen inflation in the U.S.

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Editor: Handoyo