China's Foreign Ministry fired back at new U.S. tariffs this weekend, declaring “there are no winners in trade wars” amid rising tensions. The U.S. recently announced 10% additional tariffs on Chinese imports โ a move Beijing calls “unilateral” and a violation of WTO rules. ๐ฅ
โก Key developments:
– China vows “necessary countermeasures” to protect its interests
– Officials criticized U.S. tactics as “not constructive” for global trade
– Fentanyl debate heats up: Beijing says America's opioid crisis is “a U.S. problem”
๐ The Narcotics Angle:
Despite friction, China highlighted its 2019 decision to classify fentanyl-related substances as controlled drugs โ making it the first country globally to take this step. “We've shown goodwill,” a spokesperson noted, while urging Washington to “solve its own issues rationally” instead of using tariffs as threats.
๐ Why It Matters:
With both economic heavyweights digging in, experts worry this could derail recent progress in areas like counternarcotics cooperation. Beijing's message? “Correct wrongdoings” and keep U.S.-China relations “steady and sustainable.”
Reference(s):
There is no winner in trade or tariff war: Chinese Foreign Ministry
cgtn.com