President Donald Trump's 10% Tariff Imposition and the New Outlook on US-China Trade Relations
Beijing: China has referred to US President Donald Trump's decision to impose a 10% tariff as a "serious violation" and announced plans for countermeasures. In a statement, China's Ministry of Commerce stated that the tariff imposition goes against international trade rules and would mark a dangerous turning point in the bilateral trade relationship between the two countries.
China has indicated that it will challenge the tariff at the World Trade Organization (WTO) and implement retaliatory measures, although no specific details were provided. China believes that these tariffs could negatively impact future cooperation on drug control.
Meanwhile, Trump's decision has also resulted in tariffs being imposed on Canada and Mexico. Trump claimed that the tariff imposition was related to China's role in drug trafficking, particularly fentanyl.
China has stated that it is open to "clear dialogue" with the United States and emphasized that no party will emerge victorious from this trade war, as all parties will suffer. China plans to strengthen its economic resilience by further developing trade relations with other allied countries.
Additionally, Canada and Mexico are also planning to impose retaliatory tariffs against the United States, which could escalate trade tensions further.
