🚨 Trade tensions are heating up again! 🚨
China's Ministry of Commerce didn't hold back this Tuesday, voicing a strong opposition to the U.S.' latest move to hike tariffs on a bunch of Chinese imports. We're talking electric vehicles, lithium batteries, semiconductors—the tech stuff that powers our everyday lives! 🚗🔋💻
The Chinese ministry called out the U.S., urging them to rethink this \"wrongdoing\" ASAP and drop the extra tariffs. In their words, they're ready to take firm actions to defend their rights and interests. 🥊
So what's the deal? Earlier on Tuesday, the Biden administration decided to up the tariff game, which could impact about $18 billion worth of Chinese goods. That includes not just tech but also steel, aluminum, critical minerals, solar cells, and even cranes! Meanwhile, the old tariffs on over $300 billion in goods from the Trump era are sticking around. 😱
China's not thrilled, to say the least. They accuse the U.S. of politicizing trade issues and using the tariff review process as a political tool. The ministry emphasized that this kind of move just escalates tensions between the world's two biggest economies. 🌍⚖️
They urged Washington to drop the unilateral mindset. Seems like both sides have some thinking to do if they want to dial down the heat! 🤔🔥
Reference(s):
China 'strongly' opposes U.S. tariff hike on EVs, chips and others
cgtn.com
