💨 Abstract

China has warned countries against entering economic deals with the US that may disadvantage China, escalating tensions in the ongoing trade war between the two economic powers. The Chinese Commerce Ministry stated it would take countermeasures if any country sought such deals, accusing the US of abusing tariffs and forcing reciprocal tariff negotiations. The US is reportedly planning to pressure other nations to limit trade with China in exchange for tariff exemptions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖