‘We Don’t Take Part In Wars’: China Reacts Sharply After Trump’s NATO Tariff Call

China has strongly rejected US President Donald Trump’s proposal that NATO members impose steep tariffs on Beijing, saying such measures would only worsen global tensions.

Chinese Foreign Minister Wang Yi made the remarks on Saturday during a press conference in Ljubljana, Slovenia, following talks with Deputy Prime Minister and Foreign Minister Tanja Fajon. His comments came just hours after Trump suggested NATO should consider tariffs of 50–100 per cent on Chinese goods until the war in Ukraine ends.

“China does not participate in or plan wars, and what China does is to encourage peace talks and promote political settlement of hotspot issues through dialogue,” Wang was quoted as saying by China Daily.

Wang argued that sanctions and tariffs would not resolve crises but only complicate them further. “China and Europe should be friends rather than rivals, and should cooperate rather than confront each other,” he said. “Making the right choices amid the greatest changes in a century demonstrates the responsibilities that both sides should fulfill towards history and the people.”

Wang also stressed that Beijing remains committed to multilateralism and the principles of the UN Charter, adding that the current international situation was defined by “intertwined chaos and continuous conflicts.”

Ukraine war with Russia

Trump, in a post on his Truth Social platform, had said NATO should take collective action on tariffs: “I believe that this, plus NATO, as a group, placing 50 per cent to 100 per cent TARIFFS ON CHINA, to be fully withdrawn after the WAR with Russia and Ukraine is ended, will also be of great help in ENDING this deadly, but RIDICULOUS, WAR.”

The former president claimed China maintains “a strong control, and even grip, over Russia,” suggesting punitive tariffs would weaken Beijing’s leverage over Moscow.

Trump’s proposal is unusual because NATO is a military alliance with no mandate on trade issues. Analysts say his idea of collective tariffs under NATO reflects a broadening of security tools into the economic sphere.

Earlier this month, Trump had accused Chinese President Xi Jinping of “conspiring against” the United States after Beijing held its largest-ever military parade on September 3, attended by Russian President Vladimir Putin and North Korean leader Kim Jong Un. However, in a subsequent remark, Trump said his personal relationship with Xi was still “very good,” underscoring his oscillating stance towards Beijing.

China’s Consistent Refrain on Tariffs

Wang Yi’s latest remarks echo Beijing’s long-standing response to US tariff threats. Since the onset of Trump’s trade war in 2018, China has consistently positioned itself as a supporter of global free trade and multilateral cooperation, while rejecting what it calls Washington’s “unilateral protectionism.”

During earlier rounds of tariffs on Chinese goods, Beijing responded with targeted counter-tariffs but avoided escalating rhetoric, often reiterating that dialogue and mutual respect should guide US-China relations. For instance, in 2019 when Trump raised duties on $200 billion worth of imports, Chinese officials said the “only way forward is cooperation, not confrontation,” while rolling out measured relief for domestic exporters.

China’s playbook has also involved appealing to Europe and other global partners. Wang’s emphasis in Ljubljana that “China and Europe should be friends rather than rivals” reflects Beijing’s strategy of preventing Washington from rallying its allies into a united front against China. This mirrors past efforts when Beijing sought closer ties with the EU even as US tariffs intensified.

The rhetoric of “peace talks” and “multilateralism” serves a dual purpose: projecting China as a responsible power amid global instability, and contrasting Beijing’s image with Washington’s protectionist posture. At the same time, China has been careful not to openly distance itself from Russia, maintaining energy imports and high-level diplomacy while rejecting suggestions that it is actively fueling the war in Ukraine.

If NATO were to adopt Trump’s proposed tariff scheme, unlikely though it may be, China would almost certainly respond with both diplomatic protests and retaliatory economic measures, just as it did during the first trade war. For now, Wang Yi’s remarks suggest Beijing will continue its balancing act: opposing punitive measures, promoting dialogue, and seeking to court European partners wary of being drawn into Washington’s hardening stance.

Indian Market Makes Historic Recovery, Investors Gain Rs 10.9 Lakh Crore

In an unprecedented turn of events, the Indian stock market made a remarkable recovery on Tuesday, April 15, as investors regained a colossal Rs 10.9 lakh crore in a single day. This recovery effectively wiped out the losses incurred following the US tariff shock on April 2, marking a significant milestone in the financial sector.

The Sensex, a benchmark index of the Bombay Stock Exchange, witnessed a surge of over 1,570 points, while the Nifty, the National Stock Exchange’s benchmark index, soared past the 22,300 mark. This marked one of the most substantial gains in recent months, reflecting a robust and resilient market.

The Broad-Based Recovery and Its Drivers

This recovery was not limited to a specific sector or a handful of stocks. Instead, it was broad-based, encompassing various sectors and indices. The driving force behind this rally was a combination of strong investor sentiment, positive global cues, and domestic optimism. The primary catalyst for this rally was a significant update on US trade policy.

The US administration announced a 90-day delay in tariffs for most countries, with the notable exception of China. This announcement served to calm investor nerves and reignite hopes for India’s position in global supply chains.

Financial stocks, due to their heavy weightage in the indices, led the charge, rising over 2 per cent. The midcap and smallcap indices, which had been underperforming recently, also saw a strong recovery, each rising by around 3 per cent. Market experts noted that domestic institutional investors turned aggressive buyers on Tuesday, further supporting the upward momentum. Asian markets were also firm, supported by a weaker US dollar and stable bond yields, giving Indian markets an additional boost as they reopened after an extended weekend.

India’s Position Amid Tariff War

India’s strong macroeconomic fundamentals continue to attract investor interest, apart from global cues. With robust domestic demand and limited direct exposure to US-China tensions, India is increasingly seen as a stable bet amid global uncertainties, market experts noted. While data on foreign institutional investor flows is yet to be released, early signs point to strong buying activity.

“Markets are adjusting the new reality of daily Trump twists and turns,” said Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital. He added that sometimes when tariffs look like they have been temporarily removed, the markets will react positively, when something unexpected happens they will react negatively.