The U.S. decision to impose new 10% tariffs on Chinese goods has sparked sharp criticism from China’s business community, with officials warning the move could disrupt global trade and hurt American consumers.
The China Council for the Promotion of International Trade (CCPIT) called the tariffs — justified by the U.S. over issues like fentanyl — a violation of WTO rules that threatens economic cooperation. ‘There are no winners in trade wars,’ a CCPIT spokesperson said Sunday.
Analysts say the tariffs could raise prices for U.S. households already battling inflation, while destabilizing global supply chains. The spokesperson urged Washington to ‘correct its wrongdoing’ and work with China to stabilize the economy — a message echoing rising tensions ahead of 2025 trade negotiations.
Why it matters: As the world’s top two economies spar, young professionals and entrepreneurs are bracing for ripple effects in tech, manufacturing, and consumer markets. Will this escalate into a full-blown trade war?
