In a bold statement that’s sparking global chatter, China has declared that the steep U.S. tariff hikes are now merely a numbers game with little real economic impact. On Thursday, a Chinese foreign ministry spokesperson noted that the 245% tariff imposed on certain products is becoming increasingly irrelevant in practical terms.
The spokesperson emphasized, "China does not want to fight those wars but neither are we afraid of them," highlighting that while the tariffs serve as a tool for coercion, engaging in a trade war only leads to a lose-lose scenario. If the U.S. continues to inflict actual harm on China’s rights and interests, the Chinese mainland will respond with firm countermeasures.
Adding to the drama, the White House Fact Sheet from April 15 outlined that these tariffs are part of a broader Section 232 investigation, which could impose a 245% charge on designated Chinese products. Yet, China’s stance suggests that such punitive measures might only inflate the numbers without shaping meaningful outcomes.
As trade tensions continue to simmer, experts warn that aggressive tariff policies risk destabilizing global markets. In today’s high-stakes economic game, this latest development reminds everyone: when trade wars heat up, there are no real winners. Stay tuned for more updates as this story unfolds! 🔥🌏
Reference(s):
cgtn.com
