Monday, May 12, 2025

Creating liberating content

NEW DELHI: After consultations with the government, security agencies, and

In a world where it feels like being the loudest

State-owned Punjab National Bank (PNB) is aiming to expand its

Related News

NEW DELHI: After consultations with the government, security agencies, and all key stakeholders, the Board of Control for Cricket in India (BCCI) has decided to resume the remainder of the

In a world where it feels like being the loudest or most outgoing gets the most attention, true presence is actually about being subtle, not loud. Real influence doesn’t come

State-owned Punjab National Bank (PNB) is aiming to expand its lending to the RAM segment—comprising Retail, Agriculture, and MSMEs—to 58 per cent of its total loan book in the current

NEW DELHI: The BCCI on Monday confirmed the resumption of the IPL season, which will be held across six venues starting May 17, with the final scheduled for June 3,

NEW DELHI: The updated schedule for IPL 2025 has been officially announced. Last week, the BCCI suspended the remainder of the tournament for a week due to escalating cross-border tensions

Virat Kohli, Jeff Thomson and Dennis Lillee Director General of Military Operations (DGMO) Lt. General Rajiv Ghai, during a press briefing on Monday, named Virat Kohli as his favourite cricketer,

Trending News

State-owned Punjab National Bank (PNB) is aiming to expand its lending to the RAM segment—comprising Retail, Agriculture, and MSMEs—to 58 per cent of its total loan book in the current

Defence-related stocks extended their gains for a second consecutive session on Monday, buoyed by broader market optimism and rising expectations of increased government focus on the defence sector.Shares of Axiscades

Anil Agarwal-led Vedanta Ltd on Sunday said it is actively exploring critical mineral resources across six Indian states — Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh — as it

Defence sector-based Exchange-Traded Funds (ETFs) have seen impressive growth, with returns up to 7% in the past two weeks, fueled by heightened India-Pakistan tensions. This surge comes amid increased investor

The ministry of railways sanctioned conducting the final location survey of a proposed new railway line in Sikkim. The planned route will connect Melli to Dentam via Jorethang and Legship,

Japanese auto giant Suzuki Motor Corporation (SMC) has projected a modest 1–2% growth in India’s passenger vehicle (PV) wholesale market for FY2025–26 but expects its Indian arm, Maruti Suzuki, to

‘Bargaining with a Tiger for its skin’: China’s stark warning as US tariff fight escalates

Word Count: 741 | Estimated Reading Time: 4 minutes


'Bargaining with a Tiger for its skin': China’s stark warning as US tariff fight escalates

China has issued a sharp warning against what it sees as growing US pressure on its global trading partners, vowing to “firmly oppose and retaliate” against any moves that compromise its national interests.
The statement comes amid reports, cited by the South China Morning Post, that Washington is urging allies to scale back trade with Beijing in return for tariff exemptions — a move China likened to bargaining with a tiger for its skin.
A spokesperson for China’s ministry of commerce accused Washington of using reciprocity as a justification to apply “unilateral economic pressure,” describing it as “unilateral bullying” that violates international norms and represents “economic hegemony under the cloak of fairness.”
“Trying to trade away others’ interests for temporary gains is like bargaining with a tiger for its skin – it will only backfire,” the statement read.
The ministry made it clear that any agreement by foreign governments that undermines Chinese interests would provoke a strong response.
“If such a situation arises, China would never accept it and would take firm countermeasures,” the spokesperson said, adding that Beijing has both “the determination and the capability to defend its rights.”
The statement further warned that a return to protectionism and economic unilateralism would be harmful for all countries. It called on the global community to resist “US trade coercion” and uphold a fair international trading system.
So far in 2025, the US has imposed tariffs totalling 145 per cent on Chinese goods, pushing the effective tariff rate to approximately 156 per cent. According to a fact sheet released by the White House on Tuesday, when earlier tariffs are included, the total levies on Chinese imports could reach as high as 245 per cent.
In retaliation, China has hiked its own tariffs on US goods to 125 per cent, building on earlier duties, and has refused to enter into trade talks under what it deems unfair conditions.
According to The Wall Street Journal, the Trump administration is pressuring over 70 trading partners to reduce their economic engagement with China in exchange for tariff relief — part of a broader strategy to isolate Beijing ahead of potential talks with President Xi Jinping.
While senior officials from key regional economies like Japan and South Korea have recently travelled to Washington to negotiate tariff exemptions and limit export fallout, there has been little headway in resuming formal trade discussions between China and the US.
Beijing remains firm that any negotiations must be based on “equality and mutual benefit,” and has rejected entering talks under external pressure.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account