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@kfm Tue, 26 Nov 2024 03:00:29

‘No one will win a trade war,’ China says after Trump tariff threat

BY REUTERS Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20. “About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature,” Chinese Embassy Spokesperson Liu Pengyu said in a statement. “No one will win a trade war or a tariff war,” Liu said. Trump said he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States. In the statement, Liu said China had taken steps to combat drug […] The post ‘No one will win a trade war,’ China says after Trump tariff threat first appeared on 93.3 KFM.

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