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China accuses US of double standards

2025-10-12 21:57:00, Kosova & Bota CNA

Donald Trump's recent threat to impose an additional 100% tariff on Chinese goods is a typical example of US double standards, the Chinese government said.

A Commerce Ministry spokesman also said China could introduce its own unspecified "countermeasures" if the US president carries out his threat, adding that it was "not afraid" of a potential trade war.

On Friday, Trump hit back at Beijing’s move to tighten its rules on rare earth exports, accusing it of “getting too hostile” and trying to hold the world “captive.” He also threatened to pull out of a meeting with Chinese President Xi Jinping later this month.

"Don't worry about China, everything will be fine! The highly respected President Xi just had a bad time. He doesn't want a Depression for his country, and neither do I. The US wants to help China, not hurt it," Trump said in a post on social media.

Trump's comments on Friday rattled financial markets, with the S&P 500 stock index closing down 2.7%, its biggest drop since April.

The president's words revived fears of a trade war between the US and China.

In May, both sides had agreed to remove triple-digit tariffs on each other's goods, which had raised the possibility of a trade disruption between the two countries.

This left US tariffs on Chinese goods facing an additional 30% tax compared to the beginning of the year, while US goods entering China face a 10% tariff.

They criticized U.S. export restrictions on chips and semiconductors, and defended China's export controls on rare metals as "normal actions" to protect national security and that of all nations.

Last week, China announced that it was tightening export controls on rare metals and other materials critical to the production of advanced technology.

This was seen as a key move, as the country processes around 90% of the world's rare earth metals, which are used in goods such as solar panels and smartphones./ CNA, translated by BBC