China says the market has spoken after Trump’s tariff raises stocks

“The market spoke” after the United States imposed to sweep the new tariffs and called on the White House to defuse the escalating trade war through “equal consultation in the foot.”

American stock markets She fell sharply For the second day in a row on Friday, with all the three main indexes Decline by more than 5 % As part of a Global defeat.

The aggravation of the disturbances in the market on Friday when the Ministry of Finance in China Declare It will impose a 34 % tariff on all goods imported from the United States that starts on April 10.

Beijing’s response raised the investor’s fears of the risks of global inflationary, stagnation and economic growth.

“The market has spoken,” Chinese Foreign Ministry spokesman Guo Jiakun He said In a Facebook post on Saturday morning.

“The participation of a picture indicating the contraction of the stock market in the United States on Friday,” the war of trade and tariff that the United States started against the world is unjustified and unjustified. “

The White House called for resolving differences with commercial partners by “equal consultation in the foot”.

A White House spokesman was not immediately available for comment when contacting him by CNBC.

US President Donald Trump announced on Wednesday a new long -term confrontation as part of a “mutual tariff” policy, including a 10 % tariff in almost every country and more descending duties on many.

US President Targeted China with 34 % of additional mutual definitions, raising the total American tariff against the second largest economy in the world to 54 %.

On Friday, Trump seemed not annoyed by the market reactions because of its introductory proposition, as it was published on the social fact that “big business” is not worried about the definitions and that “his policies will never change.”

– Ruxandra iordache contributed to CNBC to this report.