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ASIA, BEIJING, CHINA, DONALD TRUMP, GEOPOLITICS, LIN, LIN JIAN, LIZ LEE, MEXICO, MINISTRY, MURALIKUMAR ANANTHARAMAN, NATIONAL SECURITY, NORTH AMERICA, REUTERS, TARIFFS, THOMSON REUTERS, TOBY CHOPRA, TRADE, TRUMP, U. S, UNITED STATES, US-CHINA RELATIONS, WORLD TRADE ORGANIZATION
Dante Raeburn
China Criticizes U.S. Tariffs as Economic Bullying and Calls for Multilateralism
China criticized U.S. tariffs as economic bullying, asserting they serve only American interests at the expense of other nations. A spokesperson emphasized the need for multilateralism and collective resistance against protectionist policies. The remarks follow the introduction of steep tariffs by the U.S. on Chinese goods as part of ongoing trade tensions.
In a recent statement, a spokesperson from the Chinese foreign ministry criticized U.S. President Donald Trump’s introduction of higher tariffs, labeling them as an act of economic bullying. Lin Jian emphasized that such unilateral measures and protectionist policies only serve American interests while disadvantaging other nations. He asserted that the tariffs issued under the guise of reciprocity are a typical example of unilateralism.
Last week, President Trump imposed an additional 34% tariff on Chinese goods, which increases the total duties on goods from China to 54% for the year. In response, China has initiated multiple countermeasures to safeguard its economic interests. Lin did not confirm whether China would pursue negotiations with the United States, deferring that question to other entities.
Lin criticized the U.S. tariffs for undermining the development rights of nations, particularly in the Global South, where disparities between wealth and poverty are exacerbated. He proclaimed that all nations should advocate for consultation, collaborative growth, and genuine multilateralism in addressing trade issues. Furthermore, Lin called for a collective resistance against all forms of unilateralism and protectionism to uphold the integrity of the international trading system, as guided by the values set forth by the United Nations and the World Trade Organization.
In summary, China denounces the recent U.S. tariffs as economic bullying and unilateralism that predominantly serve American interests. The response from China underscores the importance of multilateralism and calls for nations to collaborate against protectionist measures. The ongoing trade tensions highlight the need for a more equitable approach to international trade relations.
Original Source: www.usnews.com
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