Business Brief (April 15): China Warns of Countermeasures as U.S. Tariff Threat Looms
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China threatens countermeasures against potential U.S. tariffs
Chinese foreign ministry spokesperson Guo Jiakun dismissed reports that China is providing military support to Iran as fabrications and warned that Beijing will take countermeasures if the U.S. uses the pretext to impose an additional 50% tariff on Chinese goods.
Trump declares U.S. war on Iran is close to over
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- China warns of countermeasures if US imposes 50% tariffs, dismissing reports of military aid to Iran.
- Trump states US war with Iran nearing end, with talks possible in Pakistan soon.
- Yuan hits 3-year high vs USD; IMF cuts 2026 growth forecast; ME oil output down 30%, Asia LNG imports at 6-year low.
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