Official announcements from the U.S. government or trade publications

China Warns U.S. of Trade War Consequences After Trump's 10% Tariff Threat on Chinese Imports

Nov 26, 2024, 04:58 AM

China has issued a stern warning to the United States, stating that 'no one will win a trade war' following President-elect Donald Trump's announcement of imposing an additional 10% tariff on Chinese imports. The Chinese Embassy in Washington emphasized that trade and economic cooperation between China and the U.S. is inherently mutually beneficial, and no party would emerge victorious from a trade or tariff war. This response comes in the wake of Trump's pledge to address illegal drug trade and immigration issues through these new tariffs.