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China Urges U.S. to Correct “Wrong Practices” Over Tariffs

UM Editor

October 13, 2025 at 5:18 pm

China has called on the United States to “promptly correct its wrong practices” regarding tariffs, as tensions between the world’s two largest economies intensify ahead of the November 1 deadline for new tariff measures proposed by Washington.

In a statement from the Chinese Foreign Ministry, Beijing urged the U.S. to act on the basis of “equality, respect, and mutual benefit,” following Donald Trump’s latest threat to impose additional tariffs on Chinese imports.

Backdrop: Trade War Reignites

The renewed flare-up comes after the Trump administration announced plans to impose 100% tariffs on a wide range of Chinese goods, escalating a trade dispute that had cooled in recent years. Beijing has responded by signaling it will leverage rare earth export controls as a strategic countermeasure — a move that echoes similar tensions seen in April–May earlier this year.

These developments mark another round of escalation in U.S.–China trade relations, raising the risk of renewed disruption to global supply chains and sharp swings in financial markets.

Market Impact

While no immediate breakthrough is expected, rising geopolitical friction is already weighing on global risk sentiment. Ultima Markets analyst Shawn noted that prolonged uncertainty could drive safe-haven flows, supporting assets like gold and the Japanese yen, while equities may face renewed volatility heading into the November deadline.

Gold was trading at a fresh all-time high of $4,078 at the time of writing.

Disclaimer

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.

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