The man checks his phone next to the electronic board showing reserves in the Heng Seng index in Hong Kong on April 3, 2025.
Peter Parks AFP Getty images
On Saturday, the Ministry of Foreign Affairs in China informed: “The market spoke” after the US applied new tariffs and called the White House to unload the escalation of the trade war through “consultations on equal rates”.
American stock market markets He fell sharply The second in a row on Friday, with all three main indexes falling by over 5% as part Global route.
The market confusion was tightened on Friday, when the Chinese Ministry of Finance announced This would impose a 34% tariff on all goods imported from the USA from April 10.
Beijing's response raised investors' concerns about the risk of inflationary growth, recession and global economic growth.
“He spoke the market”, spokesman for the Chinese Ministry of Foreign Affairs Guo Jiakun he said In Facebook on Saturday morning.
Guo said that by releasing the image referring to the Friday slowdown in the stock market, he said: “The trade and tariff war began by the US against the world, is unpredict and unjustified.”
He called the White House to solve differences with trade partners through “consultations with equal feet”.
The White House spokesman was not immediately available to comment when he contacted CNBC.
US President Donald Trump announced far -reaching new fees on Wednesday as part of the “mutual tariff” policy, including 10% tariff for almost every country and much more steep duties.
US President targeted China with 34% of additional mutual tariffs, bringing a total US tariff to the second largest economy in the world to 54%.
On Friday, Trump seemed incompatible with the market reaction to its implementation of the tariff, publishing social truth that “great business” is not worried about tariffs and that his “policy will never change.”
– Ruxandra Iordache CNBC contributed to this report.