Trade tensions are heating up between China and Canada like a 🔥 TikTok trend gone viral! Beijing has slammed Ottawa’s decision to impose 25% tariffs on steel imports containing Chinese materials, calling it a "unilateral and protectionist" move that breaks global trade rules. 🌍💼
Canada’s new policy, set to kick off August 1, targets steel products melted and poured in China – a response to U.S. tariffs and global overcapacity. But China’s Commerce Ministry spokesperson fired back: "This shifts blame instead of solving real issues caused by U.S. measures." 🤯🇺🇸
"These actions are like using a Band-Aid 🩹 on a broken supply chain," the spokesperson added, warning that Canada’s move could "seriously harm" bilateral trade. China vows to take "all necessary measures" to protect its companies, hinting at potential countermeasures. 💪📉
With both sides digging in, this trade spat could ripple through global markets. Will it spark a new era of economic chess matches? ♟️ Analysts say the WTO might need to step in as referee. Stay tuned!
