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flag China pledges openness and criticizes U.S. tariffs amidst global trade tensions.

flag China's Vice Minister of Commerce, Ling Ji, reaffirmed China's commitment to expanding openness and protecting foreign businesses. flag Ling criticized US unilateralism and tariffs, stating they disrupt global supply chains. flag Economist Justin Yifu Lin suggested that the world should unite against US tariffs, as the US only accounts for 15% of global trade. flag A Nomura report warns that cheap Chinese imports are disrupting local manufacturing in emerging Asian economies. flag The US has imposed high tariffs on Chinese goods, leading to potential economic shifts and increased costs for businesses.

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