China has announced a sharp increase in tariffs on U.S. goods, escalating the ongoing trade war and raising serious concerns about a potential global economic slowdown. As U.S. tariffs reach 145%, China has denounced these measures as economic bullying and vowed to take countermeasures, including legal action against the U.S. in the World Trade Organization. Chinese leaders emphasize self-reliance and the need for international cooperation to resist economic aggression, highlighting the detrimental effects of tariff wars on both nations and the global economy.
Washington's repeated raising of tariffs will become a joke in the history of the world economy, a Chinese Finance Ministry spokesperson said, adding that countermeasures will be implemented.
There are no winners in a tariff war, said Chinese leader Xi Jinping at a meeting, emphasizing that China has always relied on its own hard work for development.
Chinese Foreign Minister Wang Yi stated that China is firm against Trump's tariffs to defend its own interests and safeguard global common interests against unfair actions.
Wang Yi expressed a commitment to work with other countries to resist all retrogressive actions and ensure that the world does not revert to might makes right.
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