Beijing has warned of retaliatory measures against countries that make trade agreements with the US harming China's interests. The Ministry of Commerce stated that China respects efforts to resolve trade disputes but will not accept US-led deals that threaten its rights. The US tariffs are described as 'unilateral bullying,' and both nations have intensified trade tensions through non-tariff means. President Xi visited Southeast Asia to reinforce regional stability amid rising global protectionism. Trade tensions have unsettled global markets, leading to a surge in haven assets like gold and the euro.