😱 Whoa! The tension between the U.S. and China just took another turn. On Tuesday, U.S. President Joe Biden announced a spike in tariffs on a range of Chinese imports, including electric vehicles, solar cells, and more. But China's not taking this sitting down! 🇨🇳
The Chinese Embassy in the U.S. fired back on Wednesday, slamming the move as a violation of World Trade Organization (WTO) rules and international law. They warned that these tariffs will not only hurt Chinese businesses but also American companies and consumers. Ouch! 💸
A spokesperson from the embassy didn't hold back: \"By taking such actions, the U.S. isn't showcasing strength but revealing a lack of confidence.\" 😬 Talk about throwing shade!
They also pointed out that these new tariffs could jack up prices for imported goods, making life tougher for folks on both sides of the Pacific. 🌊 Is this the start of a new chapter in the trade tensions?
The embassy urged the U.S. to stick to WTO rules and scrap the tariff hikes ASAP. They emphasized that bullying tactics won't slow down China's growth but might just make them more determined to push forward. 🚀
\"This move contradicts the spirit of mutual understanding between our two presidents and seriously harms the atmosphere of bilateral cooperation,\" said the spokesperson. 💔
Looks like the global economic stage just got a bit more dramatic! Stay tuned, folks, because this story is far from over. 🎬
Reference(s):
Chinese Embassy: U.S. tariff increase exposes lack of confidence
cgtn.com
