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Billionaire investor Warren Buffett and Apple CEO Tim Cook have joined a chorus of business leaders warning against Washington's tariff-driven trade policies, highlighting that they are inflating costs for companies in the United States and harming economic growth.
Chinese cross-border e-commerce platforms have gained in popularity among US consumers who are flocking to these online marketplaces to buy products directly from Chinese suppliers amid the latest rounds of tariff hikes from the Trump administration.
China's long history means there have been no shortage of lessons learned from experience, and there is a saying to the effect that those who act unjustly for a long time will surely bring about their own downfall.
US retailer Walmart has resumed product sourcing from some Chinese suppliers, marking a shift in its procurement strategy amid rising inventory pressure and looming price hikes for consumers in the United States, according to Chinese suppliers.
China said on Friday it is evaluating the possibility of trade talks with the United States, in the first and clearest indication that Beijing may be open to dialogue if Washington demonstrates genuine sincerity with clear actions.
The United States business community has raised the alarm over the Trump administration's ongoing tariff war with China, warning that such policies could devastate more than $140 billion worth of US exports to China and jeopardize hundreds of thousands of jobs, ultimately undermining US global competitiveness.
Zhang Jun, chief economist at China Galaxy Securities, said in an exclusive interview with China Perspective that China's firm response to the US' unwarranted tariff policy has given confidence to other countries. Despite short - term shocks, it offers China a chance to turn crisis into opportunity, driving industrial upgrading. He also predicted China, with its large population and middle - income group, will surpass the US as the world's largest consumer market by 2040, stabilizing the global economy.
On April 2, United States President Donald Trump declared a so-called "Liberation Day" for the country, brandishing tariffs as weapons and launching surprise attacks across global trade.
The US economic policies are disapproved by a majority of Americans, as the approval rating of the policies has fallen to 37 percent in a recent poll, according to a report titled Americans sour on Trump's handling of the economy, Reuters/Ipsos poll finds published on Wednesday by Reuters.
A photo shows employees working on a PV panel (photovoltaic panel, used to convert sunlight into electricity) production line in Hefei, Anhui province in October. The key point is the presentation of this production scene. There is no conclusion or advice in the original text.
The rest of the world must stand together to respond in a cooperative manner, rather than negotiate for Washington's mercy.
The editorial points out that US tariffs have had a global impact, causing unrest. Business executives are worried about global economic uncertainty due to these tariffs. Key points include the worldwide turmoil triggered by US tariffs and the concerns among business leaders. In conclusion, the impact of US tariffs on the global economy and business sentiment is significant.
Justin Yifu Lin, former chief economist of the World Bank and dean of the Institute of New Structural Economics at Peking University, said during an interview with China Perspectives that facing the US' bullying tariffs, any individual country attempting to compromise and negotiate with the US will merely embolden the US to make even more demands.
US stocks advanced on Tuesday, as investors grew optimistic that US-China trade tensions may soon ease, following reassuring remarks from the US Treasury Department.
Operators at Yiwu expand horizons, diversify products to counter disruptions
The tantamount tariff terrorism of the United States has given the rest of the world the opportunity to rethink its trade relationships. After slapping the world with wide-ranging punitive tariffs and then pausing some tariffs for 90 days, the US administration has escalated its de facto trade terror tactics by seeking to use the tariffs as leverage to get its trade partners to cut their trade ties with China if they want relief from the US pressure.
Approximately 70 percent of surveyed CEOs disapprove of the United States’ tariff policies, according to a report titled, "Nearly 70 percent of CEOs disapprove of Trump's tariffs: Survey", published by The Hill on Saturday.
China COSCO Shipping Corp Ltd said on Monday that it firmly opposes the US accusations and its subsequent measures on China's maritime, logistics and shipbuilding sectors.
The recently announced reciprocal tariffs by the United States, which exceeded market expectations in both scale and scope, have caused significant volatility in global financial markets.
On April 8, the United States government announced a steep increase in "reciprocal tariffs" on imports from China — raising them to 84 percent — and followed the move with additional measures, pushing tariffs on Chinese goods as high as 245 percent.
China firmly opposes any deal at expense of its interests: commerce ministry on US tariffs
The global economic landscape faces profound uncertainty following the imposition of sweeping tariffs by the United States, a move that has already triggered retaliatory measures, market volatility, and warnings of severe disruption to international trade and supply chains.
Global business and economic leaders criticize the US tariff policies. Key points: these policies may harm both the world economy and the US economy. Conclusion: the article will further explore this issue.
