China has launched a fiery condemnation of U.S. trade policies, accusing Washington of 'economic bullying' and undermining global stability through aggressive tariff strategies. In a strongly worded statement released Saturday, Beijing called recent U.S. actions a 'severe violation' of WTO rules and warned of repercussions for the international economic order.
🔍 What's at stake? The U.S. has reportedly expanded tariffs on trading partners under claims of fairness, which China argues distorts market principles and threatens decades of multilateral progress. 'This isn’t just about tariffs—it’s about whether we prioritize cooperation or confrontation in our interconnected world,' the statement emphasized.
💡 China positioned itself as a champion of globalization, pledging to keep opening its markets despite global turbulence. With tech-savvy Gen Z consumers driving its economy, Beijing highlighted plans for 'high-standard reforms' to trade rules and creating a 'first-class business environment' to attract global partners.
🌍 The statement warned against a fragmented world economy, comparing protectionism to 'swimming against the current' of human progress. It urged nations to reject zero-sum games (think: Squid Game tactics in real-world economics 🦑❌) and embrace shared growth.
💥 While firmly opposing U.S. pressure, China extended an olive branch: 'We don’t start fights, but we won’t back down.' Analysts suggest this drama could impact everything from your next smartphone price to global climate cooperation.
Reference(s):
Full text: China states its position on opposing U.S. abuse of tariffs
cgtn.com