China isn't backing down! 🇨🇳✊
On Sunday, China's Ministry of Commerce expressed strong dissatisfaction and firm opposition to the 10% additional tariff announced by the Trump administration on Chinese goods.
Just a day before, U.S. President Donald Trump signed an executive order imposing a 10% tariff on goods imported from China. This move has escalated trade tensions between the two largest economies in the world.
In response, China plans to file a lawsuit with the World Trade Organization (WTO) and take corresponding countermeasures to firmly safeguard its own rights and interests.
\"We urge the U.S. to correct its approach,\" the ministry stated. \"We hope the U.S. and China can meet each other halfway.\"
This latest development adds to the ongoing trade drama between the U.S. and China, leaving many young entrepreneurs and investors watching closely. Will these two giants find common ground, or are we in for a prolonged trade battle? Stay tuned! 🔥🌏
Reference(s):
China strongly opposes U.S. additional tariff and vows countermeasures
cgtn.com
