China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs

China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs


China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China.

“We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its mistakes, completely abolish the wrongful action of ‘reciprocal tariffs,’ and return to the correct path of resolving differences through equal dialogue based on mutual respect,” the ministry said in an online statement, according to a CNBC translation.

The ministry also said China is “evaluating the relevant impact” of the tariff exemptions on some tech products announced late Friday.

Read more CNBC politics coverage

The White House did not immediately respond to CNBC’s request for comment.

The response in China to U.S. tariffs can be seen in both state media and social media. The recent exemptions are being presented domestically as Trump is backing down and further evidence that Chinese supply chains are not easily replaceable by U.S. companies.

“Public opinion widely views this as another retreat by the U.S. government on its tariff policies,” the official Beijing Daily wrote.

On China’s popular social media platform Weibo, the hashtag “Trump administration retreats again” ranked No. 2 on the hot search list.

The Trump administration late Friday exempted some widely used tech devices and components, including smartphones, computers, semiconductors, solar cells and flash drives, from reciprocal tariffs, according to guidance from U.S. Customs and Border Protection.

The move was viewed as a major win for tech giants, including Apple, which manufacture many products in China. But the long-lasting effects on the U.S. economy and small businesses from the China tariffs may be irreversible, CNBC previously reported.

A 20% tariff on all Chinese products still remains in effect, despite the tariff exemption announcement.

CNBC’s Eunice Yoon contributed to this report



Source

Tech stocks set for big losing week as AI names get rocked after Nvidia earnings
World

Tech stocks set for big losing week as AI names get rocked after Nvidia earnings

Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Woohae Cho | Getty Images News | Getty Images Even Nvidia CEO Jensen Huang couldn’t save the tech and artificial intelligence trade this week. The chip giant’s talismanic […]

Read More
New York Fed President Williams sees room for ‘further adjustment’ to rates
World

New York Fed President Williams sees room for ‘further adjustment’ to rates

John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. David Dee Delgado | Bloomberg | Getty Images New York Federal Reserve President John Williams said Friday he expects the central […]

Read More
Oil prices and energy stocks fall sharply on Trump’s new Ukraine peace plan
World

Oil prices and energy stocks fall sharply on Trump’s new Ukraine peace plan

This aerial picture shows the oil tanker Boracay anchored off the Atlantic Coast off Saint-Nazaire, western France on October 1st, 2025. French authorities said Wednesday they were investigating the oil tanker Boracay anchored off the Atlantic Coast and suspected of being part of Russia’s clandestine “shadow fleet”. Damien Meyer | Afp | Getty Images Oil […]

Read More