The statement from the Chinese Ministry of Commerce was issued in response to US President Donald Trump's decision to raise tariffs. China strongly opposes this and intends to take countermeasures to protect its rights and interests, according to the text published on the agency's website.
Tariffs cause serious damage to the legitimate rights and interests of all countries, according to the Ministry of Commerce. In addition, they are a typical practice of unilateral intimidation. The statement also says that Trump's protectionism will not only harm American interests, but will also jeopardize global economic development, as well as the stability of production and supply chains.
There are no winners in the trade war, protectionism is the way to nowhere, according to the ministry. China calls on the United States to immediately lift unilateral tariff measures and properly resolve differences with its trading partners through equal dialogue, they say.
