FX.co ★ China Cautions U.S. on Tariff Move, Pushes for Cooperation

China issued a warning to the Trump administration on Tuesday, cautioning against the potential resurgence of trade tensions due to the possible reimplementation of tariffs on Chinese goods in the upcoming month. China also signaled that it would retaliate against nations that side with the U.S. in efforts to exclude China from global supply chains. Despite a trade agreement in June that temporarily reduced hostilities, uncertainty persists regarding its longevity. On Monday, President Trump began formally notifying trading partners about a significant increase in U.S. tariffs set to take effect on August 1, following a deferral of April duties to facilitate negotiations. China, initially targeted with tariffs exceeding 100%, faces an August 12 deadline to finalize an agreement to avoid further constraints. “The conclusion is unequivocal: dialogue and cooperation are the sole correct paths,” stated the People’s Daily, underscoring the necessity for continued negotiations in light of unresolved disputes. Market tensions linger as both nations contemplate future actions in this precarious ceasefire.