At the onset of China's presidency of the United Nations Security Council, China's Permanent Representative to the United Nations, Fu Cong, voiced strong opposition to the United States' recent decision to increase tariffs. Speaking at a press conference held at the UN headquarters in New York on Monday, Fu Cong emphasized that the tariff hike violates World Trade Organization (WTO) regulations.
Fu Cong highlighted that trade wars offer no true winners, stressing the negative impacts such measures have on global economic stability and international relations. He called for adherence to WTO rules to ensure fair and predictable trade practices, urging the United States to reconsider its stance for the sake of global economic health.
Reference(s):
cgtn.com
