In the latest episode of the ongoing trade saga between the U.S. and China, Beijing is firing back after President Donald Trump announced a 10% additional tariff on Chinese goods. 😱
China's Ministry of Commerce expressed strong dissatisfaction and firm opposition to the new tariffs, stating on Sunday that they will take corresponding countermeasures to safeguard their rights and interests. 🇨🇳✊
The Trump administration's move, signed into effect on Saturday, escalates tensions between the world's two largest economies. The new tariffs affect a wide range of products imported from China, impacting businesses and consumers alike. 📈💸
In response, China plans to file a lawsuit with the World Trade Organization (WTO), stepping onto the global stage to address what it sees as unfair trade practices. ⚖️🌐
\"We urge the U.S. to correct its approach,\" stated the Ministry of Commerce, expressing hope that both countries can meet each other halfway. \"Let's find a solution that's fair and benefits both sides,\" they added, emphasizing the importance of cooperation over conflict. 🤝✨
This development adds another layer to the complex relationship between the U.S. and China, with potential ripple effects on the global economy. Stay tuned as this story unfolds! 📺🌍
Reference(s):
China strongly opposes U.S. additional tariff and vows countermeasures
cgtn.com
