China tells Trump to ‘correct mistakes’ and drop tariffs

The Chinese government has called on U.S. President Donald Trump to fully abolish the steep tariffs imposed on Chinese goods, labeling recent exemptions as a “small step” and urging the U.S. to “correct its mistakes.”

“We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its mistakes,” China’s Commerce Ministry said, adding that Washington should “completely abolish the wrongful action of ‘reciprocal tariffs,’” and return to equal, respectful dialogue.

The sharp statement follows the Trump administration’s decision late Friday to exempt smartphones, chips, solar cells, and other tech components from the 145% reciprocal tariff recently imposed on Chinese imports. The move was seen as a relief for American tech giants such as Apple, which manufacture heavily in China.

Related: Trump Tariff Live Updates: Trump open to make a trade deal with Xi Jinping

While the White House has yet to respond, Beijing said it is still “evaluating the relevant impact” of the partial exemptions.

The current U.S.–China trade dispute escalated earlier this month when Trump raised tariffs on Chinese imports from 104% to 145%. In response, China hiked its retaliatory tariffs to 125%.

Bitcoin hovers around $84K

Bitcoin slipped 1.7% on the day to $83,695.68, according to Kraken data, even as broader sentiment across crypto and equities held steady. The dip follows a strong week for the asset, which recently touched fresh highs amid easing inflation signals and macro policy clarity.