China Issues Stern Warning Against U.S. Trade Tactics Amid Escalating Tariff War
China warns the U.S. against underestimating its strength during escalating trade tensions. The U.S. recently imposed tariffs over fentanyl smuggling, which China contests. In retaliation, China has raised tariffs on U.S. agricultural goods. Wang Yi cautioned against unilateral approaches to trade that destabilize global relations. China states it is ready for any type of conflict.
China has issued a stern warning highlighting the dangers of underestimating its influence in a contentious trade battle with the United States. Wang Yi, a prominent Chinese official, articulated that, “No country should fantasize that it can suppress China and maintain a good relationship with China at the same time.” He cautioned against two-faced actions that could destabilize bilateral relations and erode mutual trust.
Recently, the U.S. imposed tariffs on Chinese imports, as well as on goods from Canada and Mexico, citing fentanyl smuggling as justification. These tariffs have been decried by the affected nations as unjustified. In response, China asserts it has made significant efforts to regulate industrial chemical exports linked to fentanyl, emphasizing that U.S. drug issues stem primarily from domestic challenges.
The United States has continuously raised tariffs since President Trump resumed office in early 2021, leading to increased tensions. Washington uniformly raised tariffs on Chinese imports to 20%, prompting Beijing to retaliate with 15% tariffs on U.S. agricultural goods such as chicken, pork, and soy, while also tightening regulations on American companies.
Wang criticized the Trump administration’s unilateral approach to international relations, warning that it could lead to an unstable global environment. He stated, “Small and weak countries will get burnt first, and the international order and rules will be under severe shock. Major countries should undertake their international obligations – and not seek to profit from and bully the weak.”
As tensions rise, China has expressed readiness to engage in various types of conflict with the U.S. following the implementation of new tariffs. An official communication from China’s embassy declared, “If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.” This statement aimed to reassure the Chinese populace of the nation’s economic resilience amidst trade challenges.
In summary, the ongoing trade skirmish between China and the United States is marked by mutual tariffs and escalated threats of conflict. China’s leadership warns against underestimating its economic capabilities and advises that bilateral relations should be managed with integrity. The cycle of retaliation underscores the potential risks to global economic stability, emphasizing the need for cooperative international relations rather than a confrontational approach.
Original Source: m.economictimes.com
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