Hey there, global news enthusiasts! 🌍 In a bold statement this Friday, China's Ministry of Commerce pointed fingers at the European Union (EU) for escalating trade frictions, which they warn could lead to a dreaded 'trade war'. 😬
\"The responsibility lies solely with the EU side,\" the ministry declared, responding to concerns from Europe over possible escalations. China emphasized that it doesn't want these frictions but feels the EU has been provoking disputes. 🤷♂️
📈 Since the start of the year, the EU has slapped 31 restrictive trade and investment measures against China—25 of them being trade remedies. This, according to the ministry, seriously undermines China-EU economic and trade cooperation. 😟
Meanwhile, China says it's been open and cooperative, aiming to solve issues through dialogue and consultation. \"China has always followed the rules of the World Trade Organization and used trade remedy measures with prudence and restraint,\" the ministry stressed. 🤝
Facing what it sees as EU protectionism, China is determined to safeguard its legitimate interests. It hopes the EU will choose dialogue over disputes to prevent things from spiraling out of control. 🚧
So, what's next in this international trade drama? Stay tuned as we keep you updated on this developing story! 📺
Reference(s):
cgtn.com
