LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

JD Vance sparks fury for saying China’s economy is run by ‘Chinese peasants’ – London Business News | London Wallet

Philip Roth by Philip Roth
April 8, 2025
in UK
JD Vance sparks fury for saying China’s economy is run by ‘Chinese peasants’ – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

GMB signs deal with Red Arrows firm Aeralis to create 4,000 jobs aerospace jobs – London Business News | London Wallet

Police and Crime Commissioners axed as £100m is diverted to AI and Cyber – London Business News | London Wallet

Budget Bust: Public say Income Tax, NI and VAT are already high enough – London Business News | London Wallet

The US Vice President JD Vance has triggered a diplomat row with Beijing after saying that China’s economy is run by “Chinese peasants.”

Officials in Beijing are furious and called Vance “ignorant and impolite” after making his comments.

Lin Jian, a spokesperson for the Chinese Foreign Ministry said, “It’s both astonishing and lamentable to hear this vice president make such ignorant and disrespectful remarks.”

This comes as Beijing is standing firm on imposing their tariffs on the US which has angered the US President who has threatened to set a further 50% on tariffs of Chinese imports.

The Chinese Commerce Industry said in a statement, “The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US China will never accept this.

If the U.S. insists on its own way, China will fight to the end.

On Monday, Trump threatened to hike tariffs on China by an additional 50% if it did not rescind its 34% tariff implemented in response to the president’s initial round of tariffs. China protested that Trump’s tariff threats were ‘completely groundless and is a typical unilateral bullying practice.”

Donald Trump blasted on Truth Social, “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th.

“Additionally, all talks with China concerning their requested meetings with us will be terminated!”

“If the tariffs keep going up and up, it becomes a battle of wills and principles rather than economics,” said Xu Tianchen, senior economist for China at the Economist Intelligence Unit.

“Since China already faces a tariff rate in excess of 60%, it doesn’t matter if it goes up by 50% or 500%,” he added.



Source link

Share30Tweet19
Previous Post

Online casino trends to watch: What’s driving revenue in 2025? – London Business News | London Wallet

Next Post

Taking one personal finance class in high school has a lifetime benefit of roughly $100,000

Philip Roth

Philip Roth

Recommended For You

GMB signs deal with Red Arrows firm Aeralis to create 4,000 jobs aerospace jobs – London Business News | London Wallet
UK

GMB signs deal with Red Arrows firm Aeralis to create 4,000 jobs aerospace jobs – London Business News | London Wallet

November 14, 2025
Police and Crime Commissioners axed as £100m is diverted to AI and Cyber – London Business News | London Wallet
UK

Police and Crime Commissioners axed as £100m is diverted to AI and Cyber – London Business News | London Wallet

November 14, 2025
Budget Bust: Public say Income Tax, NI and VAT are already high enough – London Business News | London Wallet
UK

Budget Bust: Public say Income Tax, NI and VAT are already high enough – London Business News | London Wallet

November 14, 2025
USDJPY: Rate differentials sustain the uptrend, but intervention risks are rising – London Business News | London Wallet
UK

USDJPY: Rate differentials sustain the uptrend, but intervention risks are rising – London Business News | London Wallet

November 14, 2025
Next Post
Taking one personal finance class in high school has a lifetime benefit of roughly 0,000

Taking one personal finance class in high school has a lifetime benefit of roughly $100,000

Related News

U.S. oil futures finish lower, a day after marking their highest finish year to date

U.S. oil futures finish lower, a day after marking their highest finish year to date

April 13, 2023

Lazari submits plans for office-led scheme at iconic Fenwick Mayfair store

November 28, 2023
Jefferies expects strong dividend growth this year. Here’s how to play it

Jefferies expects strong dividend growth this year. Here’s how to play it

March 14, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?