In a dramatic twist in the global trade arena, the Chinese government has fiercely condemned the U.S. move to impose "reciprocal tariffs" on imports. The statement described the new U.S. levies as classic unilateralism, protectionism, and economic bullying.
U.S. President Donald Trump recently announced a series of tariffs — a 10% baseline rate on imports from all trading partners, with even higher rates on select products, set to kick in on April 5 and 9. In response, China has vowed to impose an additional 34% tariff on all U.S. imports starting April 10, directly countering the U.S. measures.
The statement argued that under the guise of pursuing "reciprocity" and "fairness," the U.S. is merely engaging in a zero-sum game that champions an "America First" and "American exceptionalism" agenda. This, according to the declaration, is an attempt to subvert the current international economic and trade order by prioritizing U.S. interests at the expense of global well-being.
Emphasizing its commitment, the Chinese government affirmed that such tactics would undoubtedly face widespread opposition from the international community. It stressed that resolute measures would continue to be taken to safeguard sovereignty, security, and development interests, urging the U.S. to abandon the use of tariffs as a tool to stifle economic growth.
This unfolding trade standoff has caught the attention of business leaders, academics, and global adventurers alike – a real-life high-stakes chess match in the world of economics. Stay tuned as this dramatic showdown continues to unfold! 🚀🌏
Reference(s):
Chinese government slams U.S. tariff abuses, vows to protect interests
cgtn.com
