The Wall Street Journal reported in the last minute of Wednesday that China had conversations with the head of Commerce of the European Union (EU), Maros Sefcovic, adding that China is willing to deepen cooperation in commerce, investment and industrial between China and the EU.
Outstanding comments
He had conversations with the EU Chief of Commerce, Sefcovic.
China is willing to deepen trade, investment and industrial cooperation between China and the EU.
China is willing to resolve differences through consultation and negotiation, but if the American part is determined to impose its own will, China will fight until the end.
The so -called ‘reciprocal tariffs’ of the United States are a serious violation of the legitimate interests of all countries.
Market reaction
At the time of writing, the AUD/USD is quoting 0.50% lower in the day, negotiating at 0.6126.
Commercial War between the US and China Faqs
In general terms, “Trade War” is a commercial war, an economic conflict between two or more countries due to the extreme protectionism of one of the parties. It implies the creation of commercial barriers, such as tariffs, which are in counterbarreras, increasing import costs and, therefore, the cost of life.
An economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump established commercial barriers against China, claiming unfair commercial practices and theft of intellectual property by the Asian giant. China took retaliation measures, imposing tariffs on multiple American products, such as cars and soybeans. The tensions climbed until the two countries signed the Phase one trade agreement between the US and China in January 2020. The agreement required structural reforms and other changes in China’s economic and commercial regime and intended to restore stability and confidence between the two nations. Coronavirus pandemia diverted the attention of the conflict. However, it is worth mentioning that President Joe Biden, who took office after Trump, kept the tariffs and even added some additional encumbrances.
Donald Trump’s return to the White House as the 47th US president has unleashed a new wave of tensions between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariff particularly in investment, and directly feeding the inflation of the consumer price index.
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.