In a bold statement resonating across global markets, China’s Foreign Ministry reminded everyone that no one wins in a trade or tariff war. With trade ties on edge, protectionism and steep tariffs only add fuel to the fire without any true benefits. 🌏
The debate heated up after the U.S. announced it would impose "reciprocal tariffs" on its trading partners, including a 34% tariff on exports from China. Experts argue that such measures violate WTO rules and disrupt the rules-based multilateral trading system.
During a press briefing, spokesperson Guo Jiakun emphasized, "there is no winner in trade and tariff wars," urging the U.S. to rethink its strategy. He called for resolving trade differences through respectful consultations and fair negotiations that benefit all parties.
This news is a wake-up call for young professionals, students, and curious global citizens alike: cooperation and dialogue remain the best paths forward in overcoming economic challenges. Let’s stay informed and hopeful for balanced trade talks that pave the way for a fairer future! 🤝
Reference(s):
There is no winner in trade war, tariff war: Chinese Foreign Ministry
cgtn.com
