China Warns of Significant Harm to U.S. Economy from Tariffs as Trade Conflicts Escalate

Chinese state media has warned that U.S. tariffs will significantly harm the U.S. economy, as other countries retaliate with high tariffs on American goods. This comes as President Trump initiates trade conflicts with China, Canada, Mexico, and the European Union, threatening reciprocal tariffs on countries taxing U.S. imports, potentially starting April 2. Beijing has already responded with countermeasures, including retaliatory levies on U.S. agriculture and food exports, restrictions on U.S. firms, and import suspensions. China's commerce ministry plans measures to help foreign companies in China expand sales to resist external shocks. The Global Times suggests countries are diversifying economic partnerships to reduce reliance on the U.S.