China’s Foreign Ministry has criticized the U.S. for its latest tariff hike, calling it a harmful move that undermines global trade rules. The U.S. announced plans to impose “reciprocal tariffs” of 34% on China and other trading partners this week, sparking swift backlash from Beijing.
“There is no winner in a trade war,” spokesperson Guo Jiakun reiterated during a press conference Thursday. He accused the U.S. of violating World Trade Organization (WTO) principles and urged Washington to resolve disputes through “equal, respectful, and mutually beneficial” talks instead of unilateral measures.
China warned it will take “necessary countermeasures” to protect its interests, though specifics remain under wraps. The move highlights rising tensions as global markets brace for potential ripple effects—from supply chain delays to higher consumer prices.
Guo emphasized that protectionism “has no way out,” stressing cooperation over confrontation. Will this escalate into a full-blown trade war? Stay tuned.
The U.S. announced plans to impose “reciprocal tariffs” of 34% on China and other trading partners this week, sparking swift backlash from Beijing.
He accused the U.S. of violating World Trade Organization (WTO) principles and urged Washington to resolve disputes through “equal, respectful, and mutually beneficial” talks instead of unilateral measures.
The move highlights rising tensions as global markets brace for potential ripple effects—from supply chain delays to higher consumer prices.
Will this escalate into a full-blown trade war? Stay tuned.
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