Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

China Demands U.S. Revoke All Tariffs, Denies Progress in Trade Talks

by Team Lumida
April 24, 2025
in Macro
Reading Time: 4 mins read
A A
0
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  • China has called on the U.S. to revoke all unilateral tariffs, dismissing reports of progress in trade talks as “groundless.”
  • The U.S. currently imposes tariffs of up to 145% on most Chinese goods, with President Trump recently signaling a willingness to lower them.
  • Chinese officials, including Pan Gongsheng, warned that ongoing trade frictions threaten global economic trust and cooperation.
  • The remarks come as Chinese officials attend G20 meetings in Washington, but no formal bilateral talks with the U.S. have been announced.
  • China reiterated its commitment to free trade and multilateralism, while cautioning against trade wars that undermine global trust.

What Happened?

China’s Ministry of Commerce demanded that the U.S. remove all unilateral tariffs on Chinese goods, rejecting claims of progress in trade negotiations. Ministry spokesman He Yadong stated that the U.S. must “show sincerity” if it wants to resolve trade tensions, adding that reports of ongoing talks are baseless.

The comments follow President Trump’s recent remarks suggesting he might lower tariffs on China, which currently stand at 145% for most goods. However, China has responded cautiously, labeling the high tariffs as “meaningless” and warning other nations against deals that could harm its interests.

Pan Gongsheng, governor of the People’s Bank of China, echoed these concerns at a G20 meeting in Washington, warning that trade frictions could erode trust in the global economic system. Pan emphasized the need for international cooperation to prevent the global economy from entering a “high friction, low trust” trajectory.


Why It Matters?

The escalating trade tensions between the U.S. and China, the world’s two largest economies, pose significant risks to global economic stability. China’s firm stance on tariff removal highlights the deep divide between the two nations, complicating efforts to reach a resolution.

The U.S.’s high tariffs on Chinese goods have strained global supply chains and dampened economic growth, with both sides suffering economic consequences. China’s call for multilateralism and free trade underscores its efforts to position itself as a defender of the global economic order, in contrast to the U.S.’s protectionist policies.

The lack of formal bilateral talks at the G20 meetings further signals the challenges in de-escalating tensions, despite Trump’s softer tone on tariffs.

What’s Next?

The G20 meetings in Washington may provide an opportunity for informal discussions between Chinese and U.S. officials, but no formal talks have been announced. Both sides will need to navigate significant political and economic hurdles to make progress.

China’s insistence on full tariff removal as a precondition for negotiations suggests that a resolution may remain elusive in the near term. Meanwhile, global markets and businesses will continue to face uncertainty as the trade war drags on.

Observers will also watch for further statements from both nations, as well as any potential shifts in U.S. tariff policies, which could signal a path toward easing tensions.

Source
Previous Post

STMicroelectronics Projects Lower Sales as Chip Industry Struggles Persist Amid Tariff Uncertainty

Next Post

Databricks to Invest $250 Million in India, Hiring Hundreds to Drive AI Innovation

Recommended For You

Trump–Xi Truce Trades Rare-Earth Relief for Concessions, Easing Supply-Risk for U.S. Industry

by Team Lumida
6 hours ago
Trump–Xi Truce Trades Rare-Earth Relief for Concessions, Easing Supply-Risk for U.S. Industry

Key Takeaways Powered by lumidawealth.com Trump says Beijing will ease rare-earth export controls, removing a major supply chokepoint for EVs, wind, and defense. Concessions appear reciprocal: tariff relief and...

Read more

Fed to Cut Bank Supervision Staff by 30%, Signaling Softer Oversight

by Team Lumida
6 hours ago
Market Watch: Fed Holds Rates, Hints at September Cut”

Key Takeaways Powered by lumidawealth.com Headcount in Supervision & Regulation to drop from ~500 to ~350 by end-2026 via attrition and voluntary separations. Vice Chair for Supervision Michelle Bowman...

Read more

China’s PMI Slips to 49.0: Manufacturing Contraction Deepens Despite Services Stabilizing

by Team Lumida
6 hours ago
China’s Bold Economic Moves: What You Need to Know Now

Key Takeaways Powered by lumidawealth.com Official manufacturing PMI fell to 49.0 in October (Sep: 49.8), seventh straight month below 50. Export orders dropped to 45.9; production slid to 49.7;...

Read more

Trump Leans on Foreign Policy Wins as Domestic Pressures Mount

by Team Lumida
6 hours ago
Trump Tariffs Leave Key Questions on China Supply Chain Rules Unanswered

Key Takeaways Powered by lumidawealth.com Six-day Asia trip yielded trade pledges and investment MOUs; White House touts up to $2T in prospective commitments. Immediate U.S. backdrop: month-long government shutdown,...

Read more

Trump Cuts China Tariffs to Spur Fentanyl Crackdown and Trade De-escalation

by Team Lumida
1 day ago
Trump Announces 25% Tariffs on Mexico and Canada, Targeting Border Security and Trade

Key Takeaways Powered by lumidawealth.com U.S. lowers select China tariffs tied to fentanyl to 10% from 20%, nudging average tariffs on most Chinese imports to ~45% from ~55%. China...

Read more

Fed Seen Cutting Rates, But With No Added Signal

by Team Lumida
2 days ago
Why Mortgage Servicers Are Thriving Amid High Rates

Key Takeaways Fed expected to cut rates 25 bps Wednesday (2 p.m. decision, Powell presser 30 min later); Chair Powell likely to offer little guidance as growing divide...

Read more

After Demolishing the U.S.-China Relationship, Trump Is Rebuilding It His Way

by Team Lumida
2 days ago
Trump Tariffs Leave Key Questions on China Supply Chain Rules Unanswered

Key Takeaways Powered by lumidawealth.com U.S.-China trade negotiators reached framework agreement in Kuala Lumpur Sunday, setting stage for Trump-Xi deal Thursday in South Korea; transactional truce involves China resuming...

Read more

Trump Hails Golden Era in Japan Relations

by Team Lumida
2 days ago
Why Berkshire’s Latest Yen Bond Sale Could Ignite the Japanese Market

Key Takeaways Powered by lumidawealth.com Trump and new PM Takaichi pledged "golden age" of U.S.-Japan cooperation aboard USS George Washington; Takaichi vowed to boost defense spending to 2% of...

Read more

Rare Earths Producers Look to US-Led Boom to Blunt China’s Power

by Team Lumida
3 days ago
Rare Earths Producers Look to US-Led Boom to Blunt China’s Power

Key Takeaways Powered by lumidawealth.com US rare-earth magnet producers (Noveon, MP Materials) see surging demand after China's April export curbs; Adamas says US capacity could offset imports by 2028...

Read more

China Analysts Expect US to Ease Export Curbs for Magnet Relief

by Team Lumida
3 days ago
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

Key Takeaways Powered by lumidawealth.com Chinese analysts expect US to dial back Sept. 29 "affiliates rule" (restricting chip sales to subsidiaries of blacklisted Chinese firms like Huawei) in exchange...

Read more
Next Post
white and black typewriter with white printer paper

Databricks to Invest $250 Million in India, Hiring Hundreds to Drive AI Innovation

Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Bitcoin Traders Use Put Options to Accumulate BTC, Signaling Long-Term Bullish Sentiment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

white and black suv on gray asphalt road under blue and white sunny cloudy sky during

GM Backtracks on 1 Million EV Goal for 2025: What Investors Need to Know

July 16, 2024
securities and exchange, sec, investment

Terraform’s $4.47 Billion SEC Settlement: What It Means for Crypto Investors

June 13, 2024
Charlie Kirk, a Conservative Standard-Bearer, Killed at 31

Charlie Kirk, a Conservative Standard-Bearer, Killed at 31

September 11, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018