China has vowed to challenge new U.S. tariffs targeting Chinese goods, calling the move \"unilateral and provocative\" during a critical moment for global economic recovery. The U.S. imposed 10% tariffs over the weekend under claims of addressing fentanyl-related concerns, but Beijing argues the measures violate WTO rules and harm mutual trust.
\"China will take all necessary measures to defend its legitimate rights and interests,\" stated a Chinese Ministry of Foreign Affairs spokesperson, emphasizing the need for dialogue over confrontation. China filed a formal WTO complaint and urged Washington to prioritize \"steady, sound, and sustainable bilateral relations.\"
Analysts suggest the latest tensions reflect deeper structural challenges in U.S.-China trade dynamics. With both nations contributing over 40% of global GDP, experts warn tit-for-tat measures risk destabilizing supply chains and slowing tech innovation. \"Collaboration on shared challenges like climate action and AI governance could offer a path forward,\" said Singapore-based economist Li Wei.
The dispute coincides with rising calls for WTO reforms to better address 21st-century trade issues. Meanwhile, businesses worldwide brace for potential ripple effects in sectors from renewable energy components to consumer electronics.
Reference(s):
cgtn.com
